Suburb Profile Report for Dickson ACT (2602)

Dickson House: Median price $860,000, Annual capital growth 5.84%, Number of sales 36, Weekly median advertised rent $600

Dickson Unit: Median price $431,950, Annual capital growth 2.51%, Number of sales 50, Weekly median advertised rent $430

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

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

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  • House Report
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Property value increases in Dickson have tracked just lower than the ACT average of 4.34% over the last 12 months.

Across a shorter period, Dickson, 2602 has seen a median price increase of 0.00% over the last quarter.

Residents and property investors in Dickson have been waiting around 36.3529 days to sell a property.

Dickson, 2602’s gross rental yield is 3.63%

Property investors who have had real estate in Dickson, 2602 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.10%

Over the longer term, Dickson has seen property prices show investors a 16.43% return over the last 3 years. This is worse than over the last 12 months

Dickson2602 is located in ACT which offers an average discount of -3.78% to property investors. Dickson itself is showing figures that indicate -4.08% is the average achievable by property buyers investing in the suburb.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 5.18%, without taking into account capital value appreciation, which has been averaging out at 2.51%.

Information supplied by:


March 2019

M
O

W
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The rental market is strong

Postcode: 2602

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.

Metrics i HOUSE UNIT
$860,000 $431,950
0.00% -7.11%
-1.60% -8.10%
5.84% 2.51%
$600 $430
36 50
3.63% 5.18%
36.35294 102.36667

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2138
Median household income ($/weekly) 1650
Median age of persons 32
Median housing loan repayment ($/monthly) 2050
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 198 9.3
    20-24 years 272 12.7
    25-34 years 482 22.5
    35-44 years 288 13.5
    45-54 years 250 11.7
    Others 649 30.3
    Age Group
    Census Count Percent(%)
    Not Married 832 51.1
    Registered Married 533 32.7
    Defacto Relationship 264 16.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1452 71.0
    Croatia 86 4.2
    Papua New Guinea 29 1.4
    United Kingdom 91 4.5
    Other 126 6.2
    Others 260 12.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 93 4.8
    Christianity 917 47.8
    Hinduism 16 0.8
    Islam 51 2.7
    No Religion 824 42.9
    Others 19 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 62 8.0
    $1,000-$1,249 63 8.1
    $1,500-$1,999 103 13.3
    $2,000-$2,499 90 11.6
    $2,500-$2,999 85 11.0
    Others 373 48.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 774 44.4
    Not in the labour force 528 30.3
    Employed, worked part-time 325 18.6
    Employed, away from work 70 4.0
    Unemployed, looking for work 47 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 168 14.4
    Professionals 441 37.7
    Technicians & trades workers 108 9.2
    Community & personal service workers 109 9.3
    Clerical & administrative workers 197 16.8
    Others 147 12.6
    Occupation
    Census Count Percent(%)
    Pre-school 27 4.4
    Infants/Primary 129 21.2
    Secondary 95 15.6
    Technical or Further Educational Institution 54 8.9
    University or other Tertiary Institutions 289 47.5
    Others 15 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1233 62.2
    Semi-detached, row or terrace house, townhouse 463 23.3
    Flat, unit or apartment 287 14.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 410 48.2
    Fully owned 227 26.7
    Being purchased 207 24.4
    Other tenure type 6 0.7
    Tenure Type
Census 2011, ABS
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