At number 2936th in the list of Australian suburbs ordered by increase in median house value over the last year, Dickson, 2602 is in the BOTTOM 40% with a property value increase of 6.03% recorded in median house prices.
If we look at median property appreciation over just the last three months, Dickson has given property investors a paper return of 1.90%. This puts Suburb as 77 on a list of fastest fasting appreciating suburbs in ACT
A $650 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 5.54%.
ACT has seen average median house prices change by 7.32% which means that Dickson, 2602 has done well for property investors by showing a capital gain of -9.06% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Dickson comes in at number 57th in ACT.
Property investors looking for a bargain in Dickson should be aiming for at least -3.62% off the asking price, which is the average vendor discount being achieved at the moment.
The ACT suburb of Dickson, 2602 is in the Unincorporated ACT local government area.
Information supplied by:
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.