Suburb Profile Report for Harrison ACT (2914)

Harrison House: Median price $741,000, Annual capital growth 4.55%, Number of sales 78, Weekly median advertised rent $580

Harrison Unit: Median price $406,000, Annual capital growth -0.50%, Number of sales 43, Weekly median advertised rent $430

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

ACT has seen average median house prices change by 5.67% which means that Harrison, 2914 has done well for property investors by showing a capital gain of 20.73% over the last year

Comparing Harrison,2914 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

At number 36th of ACT’s most discounted properties, Harrison is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $580 mark per week – giving a return of 4.07% based on the median price in Suburb

ACT has seen average median house prices change by 0.75% which means that Harrison, 2914 has done well for property investors by showing a capital gain of -0.98% over the last year

Over the longer term, Harrison has seen property prices show investors a 9.76% return over the last 3 years. This is worse than over the last 12 months

At number 18th of ACT’s most discounted properties, Harrison is in the middle of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $430 mark per week – giving a return of 5.51% based on the median price in Suburb

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
$741,000 $406,000
1.51% 4.17%
20.73% -0.98%
4.55% -0.50%
$580 $430
78 43
4.07% 5.51%
49.17 43.5

Source: CoreLogic

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