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 -4.38%.
Dickson,2602 was ranked 1486 in Australia by increase in median property value over the quarter.
Renters in Suburb are facing rents around $31200 per annum or $600 every week.
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 -4.52%.
Dickson,2602 has offered an average of -4.52% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Dickson 2602 should be seeing an average reduction in asking price of around -5.64% . This means that Dickson is holding prices well when compared to other suburbs in ACT.
Property investors should expect to get $430 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.