Suburb Profile Report for Higgins ACT (2615)

Higgins House: Median price $580,000, Annual capital growth 3.80%, Number of sales 53, Weekly median advertised rent $540

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report

Property investors who have had real estate in Higgins, 2615 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.45%

The five-year average increase in median property values for Higgins,2615 has given property investors a potential capital gain of 34.88% across each of those five years.

With the median price for a house in Higgins being $580000 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 4.84%

Information supplied by:


February 2018

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Higgins, ACT – A hit with first home buyers

Postcode: 2615

Median house price: $576,000

Three-year growth: 21.8%

Rental yield: 4.6%

Higgins is a suburb of Canberra that has become highly popular amongst first home buyers. It is situated 7.2km from the University of Canberra, and a bus network allows for ease of transport.

It has a local medical centre, and plenty shopping amenities are able to be reached in the nearby region. Only 4km away is Belconnen town centre, which holds a Westfield shopping complex, and Kippax Fair Shopping Centre can also be accessed in the suburb of Holt.

The suburb has a childcare centre, is close to plenty schools, and Canberra hospital is 22km away. The Molonglo River and a number of nearby nature reserves offer sweeping views along the many walking trails.

Metrics i HOUSE UNIT
$580,000 N/A
-0.02% N/A
5.45% N/A
3.80% N/A
$540 N/A
53 N/A
4.84% N/A
59.9166666666667 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 3091
Median household income ($/weekly) 1589
Median age of persons 36
Median housing loan repayment ($/monthly) 1950
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 385 12.5
    25-34 years 484 15.7
    35-44 years 518 16.8
    45-54 years 379 12.3
    55-64 years 312 10.1
    Others 1013 32.8
    Age Group
    Census Count Percent(%)
    Registered Married 1148 50.0
    Not Married 906 39.4
    Defacto Relationship 243 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2301 76.5
    Croatia 38 1.3
    United Kingdom 139 4.6
    Viet Nam 35 1.2
    Other 194 6.4
    Others 301 10.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 63 2.2
    Christianity 1801 62.0
    Hinduism 40 1.4
    Islam 60 2.1
    No Religion 923 31.8
    Others 18 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 85 8.0
    $1,250-$1,499 87 8.2
    $1,500-$1,999 166 15.7
    $2,000-$2,499 123 11.6
    $2,500-$2,999 125 11.8
    Others 471 44.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1033 43.4
    Not in the labour force 725 30.4
    Employed, worked part-time 428 18.0
    Employed, away from work 128 5.4
    Unemployed, looking for work 67 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 179 11.3
    Professionals 417 26.2
    Technicians & trades workers 211 13.3
    Community & personal service workers 169 10.6
    Clerical & administrative workers 295 18.6
    Others 319 20.1
    Occupation
    Census Count Percent(%)
    Pre-school 68 8.9
    Infants/Primary 255 33.6
    Secondary 183 24.1
    Technical or Further Educational Institution 83 10.9
    University or other Tertiary Institutions 150 19.7
    Others 21 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2814 94.5
    Semi-detached, row or terrace house, townhouse 156 5.2
    Flat, unit or apartment 8 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 508 44.4
    Fully owned 352 30.8
    Rented 279 24.4
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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