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%.
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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.