Over the last year, property investments in Higgins, 2615 have given investors a capital gain of 0.92%. This compares badly with the 4.68% for ACT as a whole.
If we look at median property appreciation over just the last three months, Higgins has given property investors a paper return of 0.00%. This puts Suburb as 63 on a list of fastest fasting appreciating suburbs in ACT
Our latest figures would indicate that property sellers in Higgins are currently offering property investors an average price cut of -1.95% below the asking price at the moment.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 4.54%, without taking into account capital value appreciation, which has been averaging out at 4.17%.
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