Giving property investors a an average capital gain of 5.08% for the last year, Dickson, 2602 is the 1836th highest performer in Australia in this respect.
While Dickson,2602 ranked number 50th in ACT for increase in median house value (annualised) increase, it is ranked 14th over the last 5 years.
With the median price for a house in Dickson being $900000 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 3.35%
Giving property investors a a poor capital gain of -7.95% for the last year, Dickson, 2602 is the 1295th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Dickson comes in at number 44th in ACT.
Dickson, 2602 is offering ACT ‘s 6th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this ACT.
On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.
Property investors should expect to get $520 weekly from the median priced house in this suburb.
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Information supplied by:
March 2019
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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.