Stability paving the way for property market gains
The housing market’s continual strength cannot be discounted despite the national property market’s recent dive to its largest value lo...
DICKSON, 2602 ranks 2179th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 1.19% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $850,000.
The upward trend in home prices in DICKSON, 2602 averaged 7.09% per annum over a 3-year period.
Average weekly rents on listings have reached the $550 mark, reflecting a 3.36% increase in returns based on the current median price in DICKSON.
An average of 3.17 real estate transactions take place per month in DICKSON which translates to 38 per annum.
38 properties were sold in DICKSON in 2016, making it the 56th most active market in ACT based on total real estate transactions.
DICKSON, 2602 places 73rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $850,000 | $465,000 |
| GROWTH REPORT | ||
| Median Quarterly | -2.3% | -1.06% |
| Median 12 month | 1.19% | 10.74% |
| Median 3 years | 21.26% | 25.68% |
| Median 5 years | 41.67% | 19.54% |
| 10 years average annual | 5.71% | 3.18% |
| Weekly media advert. rent | $550 | $410 |
| Time on Market | 35.1 days | 98.4 days |
| Gross Rental Yield Percent | 3.36% | 4.58% |
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