Giving property investors a an unimpressive capital gain of -0.06% for the last year, Nicholls, 2913 is the 3222th highest performer in Australia in this respect.
While Nicholls,2913 ranked number 50th in ACT for increase in median house value (annualised) increase, it is ranked 55th over the last 5 years.
In the last year 61 properties changed hands in Nicholls, which puts it as the 29th most active market in ACT when comparing the number of sales per suburb.
Situated 10.62km from the CBD, Nicholls is one of Unincorporated ACT localities in the postcode 2913.
Giving property investors a an unimpressive capital gain of -2.07% for the last year, Nicholls, 2913 is the 1163th highest performer in Australia in this respect.
The five-year average increase in median property values for Nicholls,2913 has given property investors a potential capital gain of 17.11% across each of those five years.
With the median price for a house in Nicholls being $568000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 4.49%
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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.