Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $617,500, Annual capital growth 4.12%, Number of sales 89, Weekly median advertised rent $580

Harrison Unit: Median price $409,000, Annual capital growth 1.42%, Number of sales 88, Weekly median advertised rent $410

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

ACT has seen average median house prices change by 5.15% which means that Harrison, 2914 has done well for property investors by showing a capital gain of -0.40% over the last year

The five-year average increase in median property values for Harrison,2914 has given property investors a potential capital gain of 37.99% across each of those five years.

Vendor discounting in Harrison is giving property investors an average Vendor Discount of around -2.88%. This puts suburb at number 41th in ACT when ranking the most discounted suburbs.

At number 233 in a list of fastest selling suburbs, Harrison is in the TOP 10% of suburbs in Australia with an average of days on market 41.61 for properties listed there.

Harrison is 5th on a list of best yielding suburbs for rents in ACT with a 4.88% return

With a capital gain of 9.07% for the last 12 months, Harrison, 2914 has performed for property investments than its average annual 1.42% property growth over the last 5 years.

Harrison,2914 has offered an average of 9.07% return per annum in house price rises to property investors over the last three years.

Property investors should expect to get $410 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
April 2015

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Cinemas, Olympic swimming pools and excellent sports fields are just some of the developing infrastructure in the up and coming suburb of Harrison.Full summary Cinemas, Olympic swimming pools and excellent sports fields are just some of the developing infrastructure in the up and coming suburb of Harrison.

While some suburbs in Canberra have been struggling due to the federal government’s cuts to the public service, Harrison has been going from strength to strength with a 12-month growth of 8%.

Situated just 2km east of the Gungahlin Town Centre, everything a couple or family could need is easily accessible.

Primary schools, shopping centres, parks, medical centres and restaurants are all within a stone’s throw of virtually anywhere in the suburb.

With the Canberra CBD only 10km away, the drive into town via the Federal Highway takes as little as 14 minutes.

The Land Development Agency has put a lot of time and effort over the last several years to Harrison and the surrounding suburbs.

This in turn is driving interest in the area. Gungahlin Town Centre is now one of Canberra’s fastest growing hubs.

Along with amenities like clubs, department stores and libraries, significant effort has been put into transport.

A network of cycle ways and pedestrian paths now criss-cross the suburb.

Together with well serviced bus routes, Harrison is well connected with the city and neighbouring suburbs.

Harrison is also a lot less expensive than nearby Nicholls ($500,000) and Forde ($522,000).

Close proximity to shopping centres and the CBD makes the area more appealing to both young or established couples.Close
HOUSE UNIT
$617,500 $409,000
1.23% 7.66%
-0.40% 9.07%
4.12% 1.42%
$580 $410
89 88
4.88% 5.21%
41.61 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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