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:
Prestigious suburb sees unit prices slip
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.