Get a property report and suburb profile for any property in Nicholls

Nicholls is a residential suburb in Canberra's Gungahlin district, marked by family-oriented streets, established parks and creekside reserves. Housing is mainly detached single- and two-storey homes on gardened blocks with pockets of newer townhouses, so the area feels settled rather than dense. The suburb draws young families, long-term residents and commuters who use regular bus links into the Gungahlin town centre and the city.

The population is 6,680 with a median age of 44 and a median household income of $3,134 a week, roughly $163,000 a year. Couple families with children make up 51.9% of families and, together with couple families without children, represent 90.0% of family types. About 85.2% of homes are owner-occupied and 14.8% are rented. Local sporting ovals, playgrounds, walking and cycling paths along Gungaderra Creek, Gold Creek School, the Gold Creek tourist area, nearby shopping and Percival Hill Nature Reserve mean everyday recreation and services are close at hand. No significant new public infrastructure or civic projects are reported at this time.

Buying a house in Nicholls sits well above what local households earned at the last Census. With a median house price of $1,050,000 and a typical local household income of $3,134 a week at the last Census (about $162,968 a year), the median house price is roughly 6.4 times a typical local annual household income at the last Census. Renting a house at about $755 a week would take roughly a quarter of a typical local household's weekly income at the last Census, or about 24%, which is a moderate share. On these figures, buying looks more stretched against local incomes at the last Census than renting does.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months house values in Nicholls rose 4.5%, a modest increase in what houses are worth. House rents edged up 0.7% over the same period, a slight rise in rental income.

For someone weighing Nicholls as an investment, the figures show capital growth has been the stronger movement this year while rental income from houses has only risen marginally. Whether that balance suits your goals depends on your objectives and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.