DICKSON, 2602 ranks 642nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 15.41% 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 $895,000.
The upward trend in home prices in DICKSON, 2602 averaged 11.36% per annum over a 3-year period.
Average weekly rents on listings have reached the $560 mark, reflecting a 3.25% increase in returns based on the current median price in DICKSON.
An average of 2.75 real estate transactions take place per month in DICKSON which translates to 33 per annum.
33 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 28th in Australia based on median property value growth during the quarter.
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 $509,900.
Average median unit prices in ACT have risen as a whole, pulling DICKSON, 2602 values up and netting property investors a capital gain of 34.63% for the past year.
Investors saw the median home price rise to $509,900.
The upward trend in home prices in DICKSON, 2602 averaged 12.3% per annum over a 3-year period.
DICKSON now ranks at the 13th 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 $410 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 98.3 days.
112 properties were sold in DICKSON in 2016, making it the 66th most active market in ACT based on total real estate transactions.
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