At number 1051th in the list of Australian suburbs ordered by increase in median house value over the last year, Harrison, 2914 is in the top 30% with a property value increase of 13.64% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Harrison comes in at number 61th in ACT.
Property buyers and investors in Harrison 2914 should be seeing an average reduction in asking price of around -7.57% . This means that Harrison is holding prices well when compared to other suburbs in ACT.
Property investors should expect to get $560 weekly from the median priced house in this suburb.
Property value increases in Harrison have tracked just higher than the ACT average of 2.21% over the last 12 months.
Comparing Harrison,2914 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.35%, without taking into account capital value appreciation, which has been averaging out at 0.74%.
In the Gungahlin district of Canberra, the suburb of Harrison is just 2km from Gungahlin’s town centre, which may have helped propel its modest growth of 1%.Full summary
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Median unit price: $269,000
Rental yield: 6.18%
In the Gungahlin district of Canberra, the suburb of Harrison is just 2km from Gungahlin’s town centre, which may have helped propel its modest growth of 1%.
In line with Canberra’s upward trend, rents increased by over 3%. Despite this rise, investors can still earn returns that can reach upwards of 6%.
In Harrison, which seeks to highlight nature in its street names, units are the top buy. Such properties are also priced low, and the present property market may present an opportunity to enter a rising market.
There are several public and private schools within the suburb, with some of these being fairly new. There are also a couple of parks with play areas for children, as well as shops and cafes in the vicinity, making this a popular suburb with families. Harrison is just 10km from Canberra; thus, residents are only a 20-minute drive from Australia’s capital.Close