Suburb Profile Report for Nicholls ACT (2913)

Nicholls House: Median price $851,000, Annual capital growth 4.07%, Number of sales 82, Weekly median advertised rent $620

Nicholls Unit: Median price $549,000, Annual capital growth 3.25%, Number of sales 29, Weekly median advertised rent $435

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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.

Information supplied by:


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.

Close
Metrics i HOUSE UNIT
$851,000 $549,000
3.72% 8.71%
8.20% 1.67%
4.07% 3.25%
$620 $435
82 29
3.79% 4.12%
51.06 54.52

Source: CoreLogic

DSR Score for property investment : Very good (H), Very good (U)
Find a mortgage broker in Nicholls ACT
Demographics
Total population 6952
Median household income ($/weekly) 2583
Median age of persons 37
Median housing loan repayment ($/monthly) 2167
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1210 17.4
    25-34 years 615 8.8
    35-44 years 1143 16.4
    45-54 years 1240 17.8
    55-64 years 813 11.7
    Others 1929 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 3092 61.8
    Not Married 1596 31.9
    Defacto Relationship 314 6.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 4897 72.6
    Croatia 130 1.9
    Indonesia 135 2.0
    United Kingdom 338 5.0
    Other 332 4.9
    Others 910 13.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 266 4.1
    Christianity 4448 68.1
    Hinduism 189 2.9
    Islam 118 1.8
    No Religion 1466 22.4
    Others 45 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 210 10.7
    $2,000-$2,499 203 10.4
    $2,500-$2,999 318 16.2
    $3,000-$3,499 242 12.4
    $4,000 or more 315 16.1
    Others 671 34.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2579 49.6
    Not in the labour force 1289 24.8
    Employed, worked part-time 1008 19.4
    Employed, away from work 233 4.5
    Unemployed, looking for work 94 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 753 19.7
    Professionals 1010 26.4
    Technicians & trades workers 358 9.4
    Community & personal service workers 358 9.4
    Clerical & administrative workers 826 21.6
    Others 519 13.6
    Occupation
    Census Count Percent(%)
    Pre-school 88 4.1
    Infants/Primary 765 35.5
    Secondary 735 34.1
    Technical or Further Educational Institution 124 5.8
    University or other Tertiary Institutions 399 18.5
    Others 44 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5991 90.3
    Semi-detached, row or terrace house, townhouse 636 9.6
    Flat, unit or apartment 3 0.0
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1038 47.7
    Fully owned 737 33.9
    Rented 394 18.1
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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