Property investors who have had real estate in Higgins, 2615 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.03%
If we look at median property appreciation over just the last three months, Higgins has given property investors a paper return of 0.86%. This puts Suburb as 46 on a list of fastest fasting appreciating suburbs in ACT
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 3.81%, investors should hope to achieve an overall return of 4.80%
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Higgins, ACT – A hit with first home buyers
Median house price: $576,000
Three-year growth: 21.8%
Rental yield: 4.6%
Higgins is a suburb of Canberra that has become highly popular amongst first home buyers. It is situated 7.2km from the University of Canberra, and a bus network allows for ease of transport.
It has a local medical centre, and plenty shopping amenities are able to be reached in the nearby region. Only 4km away is Belconnen town centre, which holds a Westfield shopping complex, and Kippax Fair Shopping Centre can also be accessed in the suburb of Holt.
The suburb has a childcare centre, is close to plenty schools, and Canberra hospital is 22km away. The Molonglo River and a number of nearby nature reserves offer sweeping views along the many walking trails.