Nicholls has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 4.58% to date .
While Nicholls,2913 ranked number 55th in ACT for increase in median house value (annualised) increase, it is ranked 50th over the last 5 years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.62% offered to property buyers. Sellers in Nicholls itself are offering an average vendor discount of -3.08% to real estate investors.
At number 1244 in a list of fastest selling suburbs, Nicholls is in the TOP 40% of suburbs in Australia with an average of days on market 60.3 for properties listed there.
Nicholls, 2913’s gross rental yield is 3.85%
With a capital gain of 4.14% for the last 12 months, Nicholls, 2913 has performed for property investments than its average annual 4.12% property growth over the last 5 years.
Over the longer term, Nicholls has seen property prices show investors a 22.20% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -2.35% to buyers in Nicholls at the moment, which is less than average for the rest of ACT.
Nicholls, 2913’s gross rental yield is 4.23%
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August 2017
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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.Full summary
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.
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