Nicholls

POSTAL CODE: ACT, 2913

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 0.99% capital gain.

Property investors in NICHOLLS enjoyed capital gains of 2.74% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $1,227,500.

Profits due to an upward trend in home prices there averaged 0.33% per annum over a 3-year period.

Home owners selling their properties and realtors in NICHOLLS usually have to wait an average of 61.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $777.5 mark, reflecting a 3.29% increase in returns based on the current median price in NICHOLLS.

NICHOLLS, 2913 places 22nd in Australia based on median property value growth during the quarter.

Property investors in NICHOLLS enjoyed capital gains of 5.11% over the last 12 months translating to lower returns compared with its peers in the territory.

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

NICHOLLS posted a 1.83% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in NICHOLLS.

NICHOLLS, 2913 ranks 25th in ACT in terms of median property value increase and capital gains, based on year-to-date figures.

NICHOLLS ranks 61st on the list of best yielding suburbs for rental properties in ACT, posting a N/A return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,227,500	$832,500
Growth Report
Median Quarterly	4.03%	-4.58%
Median 12 month	2.74%	5.11%
Median 3 years	0.99%	1.83%
Median 5 years	25.9%	25.57%
10 years average annual	5.41%	6.39%
Weekly media advert. rent	$778	N/A
Time on Market	61.1 days	66.9 days
Gross Rental Yield Percent	3.29%	0%

Demographics (Median Values)*

Total Population 35053

Weekly Household Income 2149

Household Size 2.80

Average Age 32

Monthly Loan Repayment 2037

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

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