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 increase in value by 2.61%
Comparing Dickson,2602 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The ACT suburb of Dickson, 2602 is in the Unincorporated ACT local government area.
Investment property in Dickson has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -11.67%
Dickson,2602 has offered an average of -11.67% 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 -4.38% . This means that Dickson is holding prices well when compared to other suburbs in ACT.
Residents and property investors in Dickson have been waiting around 57.5652 days to sell a property.
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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.