Property investors who have had real estate in Nicholls, 2913 should be ok 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 9.97%
Across a shorter period, Nicholls, 2913 has seen a median price increase of 0.28% over the last quarter.
Nicholls2913 is located in ACT which offers an average discount of -3.63% to property investors. Nicholls itself is showing figures that indicate -3.14% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 7.00 sales per month, which equates to 84 per year.
Advertised rents are around the $597.5 mark per week – giving a return of 3.81% based on the median price in Suburb
Giving property investors a a poor capital gain of -5.61% for the last year, Nicholls, 2913 is the 1418th highest performer in Australia in this respect.
While Nicholls,2913 ranked number 58th in ACT for increase in median house value (annualised) increase, it is ranked 22th over the last 5 years.
Our latest figures would indicate that property sellers in Nicholls are currently offering property investors an average price cut of -2.21% below the asking price at the moment.
At number 331 in a list of fastest selling suburbs, Nicholls is in the bottom 20% of suburbs in Australia with an average of days on market 76.66 for properties listed there.
With the median price for a house in Nicholls being $505000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 4.43%