If you compare the increase in value of investment property in Dickson, 2602 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was 1.81%.
Dickson,2602 has offered an average of 1.81% return per annum in house price rises to property investors over the last three years.
Advertised rents are around the $615 mark per week – giving a return of 3.55% based on the median price in Suburb
Dickson, 2602 ranked 53th in ACT when comparing growth in median property values or capital gain over the last 12 months. Dickson is one of 126 in our list for ACT
The five-year average increase in median property values for Dickson,2602 has given property investors a potential capital gain of 6.58% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Dickson is offering property investors an average of -2.82. This rate of discount on properties puts Suburb at number 8th in terms of most discounted suburbs in ACT
On average over the past year, suburb has had 3.83 sales per month, which equates to 46 per year.
With the median price for a house in Dickson being $405000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 6.68%
Information supplied by:
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.