Suburb Profile Report for Nicholls ACT (2913)

Nicholls House: Median price $830,500, Annual capital growth 3.46%, Number of sales 71, Weekly median advertised rent $650

Nicholls Unit: Median price $550,000, Annual capital growth 3.22%, Number of sales 17, Weekly median advertised rent $530

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

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

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ACT has seen average median house prices change by 2.94% which means that Nicholls, 2913 has done well for property investors by showing a capital gain of 0.36% over the last year

The five-year average increase in median property values for Nicholls,2913 has given property investors a potential capital gain of 12.92% across each of those five years.

Property buyers and investors in Nicholls 2913 should be seeing an average reduction in asking price of around -3.51% . This means that Nicholls is holding prices well when compared to other suburbs in ACT.

Residents and property investors in Nicholls have been waiting around 57.2632 days to sell a property.

With the median price for a house in Nicholls being $830500 and the advertised rent reaching $650 the gross rental yield for property investors calculates out to be 4.07%

Nicholls is in the bottom 20% in ACT when comparing median price capital growth over the last year. Nicholls gave property investors a dismal capital gain figure when compared to the rest of the state, with -5.98%.

The five-year average increase in median property values for Nicholls,2913 has given property investors a potential capital gain of 8.91% across each of those five years.

Residents and property investors in Nicholls have been waiting around 56 days to sell a property.

Information supplied by:


August 2017

M
O

W
E

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
$830,500 $550,000
2.53% -5.98%
0.36% -5.98%
3.46% 3.22%
$650 $530
71 17
4.07% 5.01%
57.2631578947368 56

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 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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