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 $1,020,000.
The downward trend in home prices in DICKSON, 2602 averaged -5% per annum over a 3-year period.
Average weekly rents on listings have reached the $647.5 mark, reflecting a 3.3% increase in returns based on the current median price in DICKSON.
An average of 3.25 real estate transactions take place per month in DICKSON which translates to 39 per annum.
39 properties were sold in DICKSON in 2016, making it the 57th most active market in ACT based on total real estate transactions.
DICKSON, 2602 places 79th 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 $590,000.
Investors saw the median home price rise to $590,000.
The upward trend in home prices in DICKSON, 2602 averaged 3.99% per annum over a 3-year period.
DICKSON now ranks at the 9th 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 $632.5 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 80.3 days.
98 properties were sold in DICKSON in 2016, making it the 1st most active market in ACT based on total real estate transactions.