Investment property in Higgins has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.81%
When looking at the potential capital gains offered to property investors over the last 3 years, Higgins comes in at number 24th in ACT.
Residents and property investors in Higgins have been waiting around 61.0488 days to sell a property.
Situated 10.60km from the CBD, Higgins is one of Unincorporated ACT localities in the postcode 2615.
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Strong growth in Belconnen suburb
Median house price: $540,000
Three-year growth: 24.4%
Rental yield: 4.6%
Named for judge Henry Bournes Higgins, the suburb of Higgins is a rapidly rising star in the Belconnen district.
House values jumped by 12.7% in the year leading up to November 2017. Thus, investors aiming for capital growth will certainly have been rewarded over the past five years by the steady price hikes. Coupled with the 4.6% average rental return, buying a house in this area could pay off well.
Those putting their homes on the market also face little trouble in finding buyers – houses spend an average of just 58 days on sale before being sold. Vendors are also able to sell at a discount rate of only 2.6%.
Higgins is surrounded by suburbs like Holt, Latham and Scullin, where there are schools, shops and sports facilities.