If you compare the increase in value of investment property in Nicholls, 2913 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was -0.85%.
When looking at the potential capital gains offered to property investors over the last 3 years, Nicholls comes in at number 55th in ACT.
At number 12th of ACT’s most discounted properties, Nicholls is in the middle of the state/territory when listing in order of most discounted to least.
Situated 10.45km from the CBD, Nicholls is one of Unincorporated ACT localities in the postcode 2913.
Nicholls has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 3.95% to date .
Nicholls,2913 was ranked 1037 in Australia by increase in median property value over the quarter.
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
The ACT suburb of Nicholls, 2913 is in the Unincorporated ACT local government area.
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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.