If you compare the increase in value of investment property in Harrison, 2914 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -3.09%.
Comparing Harrison,2914 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 4th of ACT’s most discounted properties, Harrison is in the bottom 20% of the state/territory when listing in order of most discounted to least.
ACT has seen average median house prices change by 0.94% which means that Harrison, 2914 has done well for property investors by showing a capital gain of -0.85% over the last year
If we look at median property appreciation over just the last three months, Harrison has given property investors a paper return of -0.78%. This puts Suburb as 34 on a list of fastest fasting appreciating suburbs in ACT
Property buyers and investors in Harrison 2914 should be seeing an average reduction in asking price of around -3.02% . This means that Harrison is holding prices well when compared to other suburbs in ACT.
In the last year 48 properties changed hands in Harrison, which puts it as the 17th most active market in ACT when comparing the number of sales per suburb.
The ACT suburb of Harrison, 2914 is in the Unincorporated ACT local government area.
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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.