Property value increases in Higgins have tracked just higher than the ACT average of 5.42% over the last 12 months.
Over the longer term, Higgins has seen property prices show investors a 29.20% return over the last 3 years. This is worse than over the last 12 months
Named for judge Henry Bournes Higgins, the suburb of Higgins is a rapidly rising star in the Belconnen districtFull summary
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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.Close