Suburb Profile Report for Nicholls ACT (2913)

Nicholls House: Median price $820,500, Annual capital growth 3.52%, Number of sales 73, Weekly median advertised rent $650

Nicholls Unit: Median price $592,500, Annual capital growth 4.29%, Number of sales 16, Weekly median advertised rent $505

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Nicholls, 2913 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was -0.85%.

When looking at the potential capital gains offered to property investors over the last 3 years, Nicholls comes in at number 55th in ACT.

At number 12th of ACT’s most discounted properties, Nicholls is in the middle of the state/territory when listing in order of most discounted to least.

Situated 10.45km from the CBD, Nicholls is one of Unincorporated ACT localities in the postcode 2913.

Nicholls has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 3.95% to date .

Nicholls,2913 was ranked 1037 in Australia by increase in median property value over the quarter.

On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.

The ACT suburb of Nicholls, 2913 is in the Unincorporated ACT local government area.

Information supplied by:


August 2017

M
O

W
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Prestigious suburb sees unit prices slip

Postcode: 2913

Median unit price: $540,000

Three-year growth: 8.00%

Rental yield: 4.14%

The unit market in the suburb of Nicholls experienced a slight stumble in the May 2017 quarter, but it remains a strong performer in the Gungahlin region.

Growth was immense in the past 12 months leading up to May, hitting almost 18%. Yields are also reasonably high at over 4%. Nicholls has one of the highest median apartment values in the state, but vendors continue to see properties taken off the market at a low discount rate of just 2.34%, indicating the significant demand in this area.

Location is certainly a factor, as Nicholls is just 2km from the Gungahlin Town Centre. It is also linked to suburbs like Ngunnawal and Palmerston. 

Nicholls’s main claim to fame is the presence of the championship golf course The Lakes.

Metrics i HOUSE UNIT
$820,500 $592,500
-1.74% -1.25%
-0.85% 3.95%
3.52% 4.29%
$650 $505
73 16
4.12% 4.43%
56.74138 52.923077

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 6952
Median household income ($/weekly) 2583
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1210 17.4
    25-34 years 615 8.8
    35-44 years 1143 16.4
    45-54 years 1240 17.8
    55-64 years 813 11.7
    Others 1929 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 3092 61.8
    Not Married 1596 31.9
    Defacto Relationship 314 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4897 72.6
    Croatia 130 1.9
    Indonesia 135 2.0
    United Kingdom 338 5.0
    Other 332 4.9
    Others 910 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 266 4.1
    Christianity 4448 68.1
    Hinduism 189 2.9
    Islam 118 1.8
    No Religion 1466 22.4
    Others 45 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 210 10.7
    $2,000-$2,499 203 10.4
    $2,500-$2,999 318 16.2
    $3,000-$3,499 242 12.4
    $4,000 or more 315 16.1
    Others 671 34.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2579 49.6
    Not in the labour force 1289 24.8
    Employed, worked part-time 1008 19.4
    Employed, away from work 233 4.5
    Unemployed, looking for work 94 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 753 19.7
    Professionals 1010 26.4
    Technicians & trades workers 358 9.4
    Community & personal service workers 358 9.4
    Clerical & administrative workers 826 21.6
    Others 519 13.6
    Occupation
    Census Count Percent(%)
    Pre-school 88 4.1
    Infants/Primary 765 35.5
    Secondary 735 34.1
    Technical or Further Educational Institution 124 5.8
    University or other Tertiary Institutions 399 18.5
    Others 44 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5991 90.3
    Semi-detached, row or terrace house, townhouse 636 9.6
    Flat, unit or apartment 3 0.0
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1038 47.7
    Fully owned 737 33.9
    Rented 394 18.1
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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