Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $760,500, Annual capital growth 8.04%, Number of sales 64, Weekly median advertised rent $610

Harrison Unit: Median price $387,000, Annual capital growth 1.72%, Number of sales 49, Weekly median advertised rent $440

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

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

  • Expert Report
  • House Report
  • Unit Report

Over the last year, property investments in Harrison, 2914 have given investors a capital gain of 8.93%. This compares favourably with the 4.46% for ACT as a whole.

Over the longer term, Harrison has seen property prices show investors a 22.44% return over the last 3 years. This is worse than over the last 12 months

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 -3.53% is being offered, which puts this ACT suburb at 2827th most discounted overall in Australia.

In the last year 72 properties changed hands in Harrison, which puts it as the 17th most active market in ACT when comparing the number of sales per suburb.

Situated 9.24km from the CBD, Harrison is one of Unincorporated ACT localities in the postcode 2914.

Harrison has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of 0.47% to date .

If we look at median property appreciation over just the last three months, Harrison has given property investors a paper return of -3.01%. This puts Suburb as 48 on a list of fastest fasting appreciating 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 -3.25% is being offered, which puts this ACT suburb at 955th most discounted overall in Australia.

Often selling an investment property can take time, and in Harrison the average time real estate has been on the market is 86.58 days.

Renters in Suburb are facing rents around $22360 per annum or $430 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
$760,500 $387,000
1.67% 0.83%
3.61% 7.50%
8.04% 1.72%
$610 $440
64 49
4.17% 5.91%
63.48077 90.11628

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

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