Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $765,250, Annual capital growth 8.20%, Number of sales 72, Weekly median advertised rent $610

Harrison Unit: Median price $387,000, Annual capital growth 1.86%, Number of sales 51, Weekly median advertised rent $435

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

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

  • House Report
  • Unit Report
  • Expert Report

ACT has seen average median house prices change by 4.46% which means that Harrison, 2914 has done well for property investors by showing a capital gain of 7.63% over the last year

A 34.77% growth in median value for property investors in Harrison,2914 puts this suburb at number 40th in terms of best performing suburbs in ACT

Sellers are offering property buyers an average discount of -2.63% to buyers in Harrison at the moment, which is less than average for the rest of ACT.

Often selling an investment property can take time, and in Harrison the average time real estate has been on the market is 78.81 days.

Property investors should expect to get $600 weekly from the median priced house in this suburb.

Giving property investors a a stable capital gain of 4.01% for the last year, Harrison, 2914 is the 583th highest performer in Australia in this respect.

The five-year average increase in median property values for Harrison,2914 has given property investors a potential capital gain of 2.90% across each of those five years.

Harrison2914 is located in ACT which offers an average discount of -3.82% to property investors. Harrison itself is showing figures that indicate -4.01% is the average achievable by property buyers investing in the suburb.

Harrison is 14th on a list of best yielding suburbs for rents in ACT with a 5.83% return

YIP MAG Information supplied by:

YIP MAG
March 2017

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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%.Full summary

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.

Close
Metrics i HOUSE UNIT
$765,250 $387,000
2.99% 0.00%
5.19% 5.45%
8.20% 1.86%
$610 $435
72 51
4.15% 5.84%
63.2 88.318184

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

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