Higgins is in the bottom 40% in ACT when comparing median price capital growth over the last year. Higgins gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.45%.
Over the longer term, Higgins has seen property prices show investors a 22.17% return over the last 3 years. This is worse than over the last 12 months
Property investors should expect to get $500 weekly from the median priced house in this suburb.
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Information supplied by:
February 2018
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Strong growth in Belconnen suburb
Postcode: 2615
Median house price: $540,000
Three-year growth: 24.4%
Rental yield: 4.6%
Named for judge Henry Bournes Higgins, the suburb of Higgins is a rapidly rising star in the Belconnen district.
House values jumped by 12.7% in the year leading up to November 2017. Thus, investors aiming for capital growth will certainly have been rewarded over the past five years by the steady price hikes. Coupled with the 4.6% average rental return, buying a house in this area could pay off well.
Those putting their homes on the market also face little trouble in finding buyers – houses spend an average of just 58 days on sale before being sold. Vendors are also able to sell at a discount rate of only 2.6%.
Higgins is surrounded by suburbs like Holt, Latham and Scullin, where there are schools, shops and sports facilities.