Suburb Profile Report for Higgins ACT (2615)

Higgins House: Median price $562,000, Annual capital growth 3.99%, Number of sales 36, Weekly median advertised rent $480

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

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

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February 2018

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Named for judge Henry Bournes Higgins, the suburb of Higgins is a rapidly rising star in the Belconnen districtFull summary

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.

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Metrics i HOUSE UNIT
$562,000 N/A
1.26% N/A
8.08% N/A
3.99% N/A
$480 N/A
36 N/A
4.44% N/A
31.69 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Balanced (U)
Find a mortgage broker in Higgins ACT
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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