Suburb Profile Report for Higgins ACT (2615)

Higgins House: Median price $562,250, Annual capital growth 4.30%, Number of sales 62, Weekly median advertised rent $500

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

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

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.

Information supplied by:


February 2018

M
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Strong growth in Belconnen suburb

Postcode: 2615

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.

Metrics i HOUSE UNIT
$562,250 N/A
1.27% N/A
0.81% N/A
4.30% N/A
$500 N/A
62 N/A
4.67% N/A
61.048782 N/A

Source: Monthly data update for Jul 2019 as supplied by CoreLogic. Data is reported to the period ending Apr 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Balanced (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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