Suburb Profile Report for Yarralumla ACT (2600)

Yarralumla House: Median price $1,473,000, Annual capital growth 6.99%, Number of sales 47, Weekly median advertised rent $750

Yarralumla Unit: Median price $820,000, Annual capital growth 2.64%, Number of sales 29, Weekly median advertised rent $480

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Yarralumla, 2600 have given investors a capital gain of 23.52%. This compares very favourably with the 5.15% for ACT as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Yarralumla has increased when compared to the 5 year average annual rate.

With the median price for a house in Yarralumla being $1473000 and the advertised rent reaching $750 the gross rental yield for property investors calculates out to be 2.65%

ACT has seen average median house prices change by -0.94% which means that Yarralumla, 2600 has not done well for property investors by showing a capital gain of 10.07% over the last year

Yarralumla,2600 was ranked 103 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Yarralumla is offering property investors an average of -4.08. This rate of discount on properties puts Suburb at number 17th in terms of most discounted suburbs in ACT

On average over the past year, suburb has had 2.42 sales per month, which equates to 29 per year.

Property investors should expect to get $480 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
July 2015

M
O

W
E
Located just 4km from the Canberra CBD, Yarralumla is a beautiful suburb that is considered to be the most desirable place to live, thanks to its proximity to Lake Burley Griffin and many excellent caf├ęs.Full summary Located just 4km from the Canberra CBD, Yarralumla is a beautiful suburb that is considered to be the most desirable place to live, thanks to its proximity to Lake Burley Griffin and many excellent cafés.

Its tree-lined streets are particularly breath-taking during autumn, when the leaves change their colour.

The neighbourhood is quiet and there are plenty of green spaces, making it attractive to families.

While houses in the suburb continue to skyrocket, units have fallen behind.

During the past 12 months, median unit values dropped by 5.8% to $774,000.

While the overall outlook for the unit market in Canberra remains subdued, it’s worth watching this suburb for buying opportunities.

Stick with properties along Maxwell Street, which is surrounded by greenery and only a short distance from the Parliament House.

Other desirable streets include Abbott Street, Hopetoun Circuit Exit.
 Close
Metrics i HOUSE UNIT
$1,473,000 $820,000
3.37% 9.19%
23.52% 10.07%
6.99% 2.64%
$750 $480
47 29
2.65% 3.04%
60.78 67.45

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
Find a mortgage broker in Yarralumla ACT
Demographics
Total population 2921
Median household income ($/weekly) 2580
Median age of persons 47
Median housing loan repayment ($/monthly) 2442
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 323 11.1
    35-44 years 319 10.9
    45-54 years 451 15.5
    55-64 years 528 18.1
    65-74 years 305 10.4
    Others 993 34.0
    Age Group
    Census Count Percent(%)
    Registered Married 1215 54.0
    Not Married 879 39.0
    Defacto Relationship 157 7.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 2110 75.0
    Indonesia 41 1.5
    Papua New Guinea 48 1.7
    United Kingdom 227 8.1
    Other 108 3.8
    Others 279 9.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 1.3
    Christianity 1646 61.0
    Hinduism 25 0.9
    Islam 32 1.2
    No Religion 929 34.4
    Others 29 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 111 10.8
    $2,000-$2,499 78 7.6
    $2,500-$2,999 166 16.1
    $3,000-$3,499 104 10.1
    $4,000 or more 193 18.7
    Others 378 36.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 940 39.1
    Not in the labour force 849 35.3
    Employed, worked part-time 479 19.9
    Employed, away from work 84 3.5
    Unemployed, looking for work 51 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 308 20.4
    Professionals 622 41.3
    Technicians & trades workers 87 5.8
    Community & personal service workers 100 6.6
    Clerical & administrative workers 212 14.1
    Others 178 11.8
    Occupation
    Census Count Percent(%)
    Pre-school 38 5.3
    Infants/Primary 209 29.2
    Secondary 196 27.4
    Technical or Further Educational Institution 39 5.4
    University or other Tertiary Institutions 212 29.6
    Others 22 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2150 78.9
    Semi-detached, row or terrace house, townhouse 534 19.6
    Flat, unit or apartment 42 1.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 526 46.8
    Rented 305 27.1
    Being purchased 284 25.3
    Other tenure type 9 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals