If you compare the increase in value of investment property in Harrison, 2914 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 10.06%.
If we look at median property appreciation over just the last three months, Harrison has given property investors a paper return of -0.80%. This puts Suburb as 65 on a list of fastest fasting appreciating suburbs in ACT
Property investors looking for a bargain in Harrison should be aiming for at least -2.26% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 9.13km from the CBD, Harrison is one of Unincorporated ACT localities in the postcode 2914.
Harrison is in the TOP 10% in ACT when comparing median price capital growth over the last year. Harrison gave property investors a very good capital gain figure when compared to the rest of the state, with 20.60%.
The five-year average increase in median property values for Harrison,2914 has given property investors a potential capital gain of 29.73% across each of those five years.
Harrison, 2914 is offering ACT ‘s 24th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this ACT.
In the last year 50 properties changed hands in Harrison, which puts it as the 27th most active market in ACT when comparing the number of sales per suburb.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 4.98%, without taking into account capital value appreciation, which has been averaging out at 1.64%.
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
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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.Close