Over the last year, property investments in Dickson, 2602 have given investors a capital gain of -0.69%. This compares badly with the 4.07% for ACT as a whole.
The five-year average increase in median property values for Dickson,2602 has given property investors a potential capital gain of 33.18% across each of those five years.
Situated 2.75km from the CBD, Dickson is one of Unincorporated ACT localities in the postcode 2602.
If you compare the increase in value of investment property in Dickson, 2602 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 4.79%.
If we look at median property appreciation over just the last three months, Dickson has given property investors a paper return of -1.01%. This puts Suburb as 38 on a list of fastest fasting appreciating suburbs in ACT
The most recent median price for Dickson is $440000, with sellers offering an average of -5.91% off the asking price.
Dickson is 25th on a list of best yielding suburbs for rents in ACT with a 5.67% return
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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.