Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $685,000, Annual capital growth 6.62%, Number of sales 53, Weekly median advertised rent $630

Harrison Unit: Median price $375,000, Annual capital growth 3.31%, Number of sales 35, Weekly median advertised rent $450

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Harrison has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -7.49% to date .

If we look at median property appreciation over just the last three months, Harrison has given property investors a paper return of -3.25%. This puts Suburb as 83 on a list of fastest fasting appreciating suburbs in ACT

LACK OF BUYER INTEREST may well be the reason that Harrison is offering property investors an average of -4.26. This rate of discount on properties puts Suburb at number 6th in terms of most discounted suburbs in ACT

Investment property in Harrison has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -18.08%

Harrison,2914 was ranked 1448 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Harrison is offering property investors an average of -3.88. This rate of discount on properties puts Suburb at number 13th in terms of most discounted suburbs in ACT

In the last year 35 properties changed hands in Harrison, which puts it as the 20th most active market in ACT when comparing the number of sales per suburb.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 3.31%, investors should hope to achieve an overall return of 6.24%

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
$685,000 $375,000
-3.25% -10.07%
-7.49% -18.08%
6.62% 3.31%
$630 $450
53 35
4.78% 6.24%
77.7317073170732 90.0370370370371

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. 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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