ACT has seen average median house prices change by 4.46% which means that Nicholls, 2913 has done well for property investors by showing a capital gain of 6.45% 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 14.74% across each of those five years.
Property investors should expect to get $637.5 weekly from the median priced house in this suburb.
Nicholls has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 15.38% to date .
Over the longer term, Nicholls has seen property prices show investors a 31.00% return over the last 3 years. This is worse than over the last 12 months
Often selling an investment property can take time, and in Nicholls the average time real estate has been on the market is 39.35 days.
Nicholls is 56th on a list of best yielding suburbs for rents in ACT with a 4.38% return
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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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