Investment property in Nicholls has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.20%
Across a shorter period, Nicholls, 2913 has seen a median price increase of 3.72% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Nicholls, 2913. Typically our figures indicate that -4.64% is being offered, which puts this ACT suburb at 2594th most discounted overall in Australia.
Nicholls is 54th on a list of best yielding suburbs for rents in ACT with a 3.79% return
Nicholls, 2913 ranked 35th in ACT when comparing growth in median property values or capital gain over the last 12 months. Nicholls is one of 126 in our list for ACT
While Nicholls,2913 ranked number 4th in ACT for increase in median house value (annualised) increase, it is ranked 12th 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 -2.78% below the asking price at the moment.
Property investors should expect to get $435 weekly from the median priced house in this suburb.
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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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