Giving property investors a a solid capital gain of 18.11% for the last year, Harrison, 2914 is the 604th highest performer in Australia in this respect.
Harrison,2914 has offered an average of 18.11% return per annum in house price rises to property investors over the last three years.
Harrison, 2914 is offering ACT ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this ACT.
Using the current median advertised rental of $560 and the average annual increase in value of a median property of 4.65%, investors should hope to achieve an overall return of 4.06%
Property investors who have had real estate in Harrison, 2914 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.66%
Harrison,2914 has offered an average of 0.66% return per annum in house price rises to property investors over the last three years.
At number 42th of ACT’s most discounted properties, Harrison is in the TOP 10% of the state/territory when listing in order of most discounted to least.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.61%, without taking into account capital value appreciation, which has been averaging out at 0.51%.
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