Giving property investors a a stable capital gain of 1.80% for the last year, Higgins, 2615 is the 1599th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Higgins comes in at number 25th in ACT.
Residents and property investors in Higgins have been waiting around 65.381 days to sell a property.
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.