Demand For Homes Stays High In 1 State While The Rest Fall Back
Rising interest rates have eased demand from potential buyers, which has been reflected in the slowing of home price gro...
DICKSON, 2602 ranks 2960th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 16.77% 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 $1,086,000.
The upward trend in home prices in DICKSON, 2602 averaged 16.86% per annum over a 3-year period.
Average weekly rents on listings have reached the $695 mark, reflecting a 3.33% increase in returns based on the current median price in DICKSON.
An average of 3.42 real estate transactions take place per month in DICKSON which translates to 41 per annum.
41 properties were sold in DICKSON in 2016, making it the 62nd most active market in ACT based on total real estate transactions.
DICKSON, 2602 places 39th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.77%||32.93%|
|Median 3 years||50.57%||26.17%|
|Median 5 years||43.37%||43.8%|
|10 years average annual||6.09%||3.84%|
|Weekly media advert. rent||$695||$540|
|Time on Market||33.7 days||47.5 days|
|Gross Rental Yield Percent||3.33%||5.15%|