Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $750,000, Annual capital growth 7.26%, Number of sales 68, Weekly median advertised rent $620

Harrison Unit: Median price $406,500, Annual capital growth 1.85%, Number of sales 73, Weekly median advertised rent $450

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Harrison is an average performer in ACT when comparing median price capital growth over the last year. Harrison gave property investors a average capital gain figure when compared to the rest of the state, with 2.67%.

Taking the average capital gain, or increase in median house value, Harrison,2914 has racked up an average of 2.67% over the period. This ranks it number 522th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Harrison 2914 should be seeing an average reduction in asking price of around -4.06% . This means that Harrison is holding prices well when compared to other suburbs in ACT.

Renters in Suburb are facing rents around $32240 per annum or $620 every week.

With a capital gain of 5.91% for the last 12 months, Harrison, 2914 has performed for property investments than its average annual 1.85% property growth over the last 5 years.

Harrison,2914 has offered an average of 5.91% return per annum in house price rises to property investors over the last three years.

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 -3.47% is being offered, which puts this ACT suburb at 935th most discounted overall in Australia.

Renters in Suburb are facing rents around $23400 per annum or $450 every week.

YIP MAG Information supplied by:

YIP MAG
March 2017

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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.

Metrics i HOUSE UNIT
$750,000 $406,500
2.88% 0.37%
2.67% 5.91%
7.26% 1.85%
$620 $450
68 73
4.30% 5.76%
71 75.3888888888889

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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