Dickson

POSTAL CODE: ACT, 2602

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,056,500.

The downward trend in home prices in DICKSON, 2602 averaged -3.31% per annum over a 3-year period.

Average weekly rents on listings have reached the $750 mark, reflecting a 3.69% increase in returns based on the current median price in DICKSON.

An average of 2.83 real estate transactions take place per month in DICKSON which translates to 34 per annum.

34 properties were sold in DICKSON in 2016, making it the 64th most active market in ACT based on total real estate transactions.

DICKSON, 2602 places 23rd in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $580,000.

Investors saw the median home price rise to $580,000.

The upward trend in home prices in DICKSON, 2602 averaged 0% per annum over a 3-year period.

DICKSON now ranks at the 34th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in DICKSON are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $640 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In DICKSON, homes and units usually stay on listing for an average of 86.4 days.

99 properties were sold in DICKSON in 2016, making it the 1st most active market in ACT based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,056,500	$580,000
Growth Report
Median Quarterly	2.87%	-1.49%
Median 12 month	-1.72%	0%
Median 3 years	-9.93%	0%
Median 5 years	12.69%	16%
10 years average annual	4.46%	4.7%
Weekly media advert. rent	$750	$640
Time on Market	50.2 days	86.4 days
Gross Rental Yield Percent	3.69%	5.74%

Demographics (Median Values)*

Total Population 30450

Weekly Household Income 1930

Household Size 2.40

Average Age 36

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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