Property value increases in Dickson have tracked just higher than the ACT average of 4.81% over the last 12 months.
Comparing Dickson,2602 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Advertised rents are around the $620 mark per week – giving a return of 3.63% based on the median price in Suburb
Over the last year, property investments in Dickson, 2602 have given investors a capital gain of -6.78%. This compares very badly with the 1.23% for ACT as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Dickson comes in at number 38th in ACT.
Situated 2.53km from the CBD, Dickson is one of Unincorporated ACT localities in the postcode 2602.
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The rental market is strong
Median unit price: $470,000
Vacancy rate: 1.4%
Three-year growth: 27.0%
Known mainly for its large houses and leafy streets, the suburb of Dickson is a fairly new suburb that was only settled in the 1960s. It is located in the inner north of Canberra.
The suburb is bounded by several roads, including Northbourne Avenue, Phillip Avenue, Majura Avenue and Antill Street, making Dickson a very accessible spot. Sullivans Creek flows through the middle of the suburb as well.
Dickson Centre serves a significant part of Canberra’s Inner North region. Dickson is also the home of the Australian Broadcasting Corporation’s radio and TV studios in Canberra.
Occupancies have long been very tight in this suburb, and vacancies fell further from 1.8% to 1.4% over the 12 months to December 2018, highlighting the demand in Dickson. Tenants pay an average of $410 per week in rent, with investors gaining 4.5% in rental returns.