Located in Australian Capital Territory within the Unincorporated ACT local government area, Harrison is a moderately sized suburb (postcode 2914). It is home to about 8,244 residents, with a predominantly early-career demographic and a median age of 31. Households earn a median income of $137K per year, with an average household size of 2.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. ACT employment has moved -0.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. ACT also had 6 Commonwealth-backed major projects under construction, 1 underway, and 7 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward public admin & safety and professional services. The top ancestries reported are Australian, English, Chinese.
Median house prices in Harrison stand at $1.0 million, having fallen by 4.2% over the last twelve months. Units have a median price of $520,000 (-1.4% YoY). The median weekly rent is $450 (Census 2021). This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,000.
Harrison is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 4 rail stations, 15 bus stops. The crime rate in the Unincorporated ACT LGA is low at 1,310 incidents per 100,000 population.
From an investment perspective, Harrison shows a gross rental yield of approximately 2.3%, rated as low yield. Property prices are near the state median ($1.0M/$1.0M). The price-to-income ratio of 7.5x is considered moderate. House prices have moved -4.2% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.