Over the last year, property investments in Harrison, 2914 have given investors a capital gain of -6.21%. This compares very badly with the 3.88% for ACT as a whole.
A 22.11% growth in median value for property investors in Harrison,2914 puts this suburb at number 88th in terms of best performing suburbs in ACT
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 Harrison, 2914. Typically our figures indicate that -5.93% is being offered, which puts this ACT suburb at 2096th most discounted overall in Australia.
On average over the past year, suburb has had 4.33 sales per month, which equates to 52 per year.
With the median price for a house in Harrison being $687500 and the advertised rent reaching $630 the gross rental yield for property investors calculates out to be 4.77%
Property value increases in Harrison have tracked lower than the ACT average of 0.87% over the last 12 months.
Comparing Harrison,2914 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Harrison2914 is located in ACT which offers an average discount of -3.97% to property investors. Harrison itself is showing figures that indicate -3.40% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Harrison the average time real estate has been on the market is 96.7742 days.
With the median price for a house in Harrison being $388500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 6.02%
Information supplied by:
Median unit price: $269,000
Rental yield: 6.18%
In the Gungahlin district of Canberra, the suburb of Harrison is just 2km from Gungahlin’s town centre, which may have helped propel its modest growth of 1%.
In line with Canberra’s upward trend, rents increased by over 3%. Despite this rise, investors can still earn returns that can reach upwards of 6%.
In Harrison, which seeks to highlight nature in its street names, units are the top buy. Such properties are also priced low, and the present property market may present an opportunity to enter a rising market.
There are several public and private schools within the suburb, with some of these being fairly new. There are also a couple of parks with play areas for children, as well as shops and cafes in the vicinity, making this a popular suburb with families. Harrison is just 10km from Canberra; thus, residents are only a 20-minute drive from Australia’s capital.