Suburb Profile Report for Yarralumla ACT (2600)

Yarralumla House: Median price $1,315,000, Annual capital growth 6.08%, Number of sales 39, Weekly median advertised rent $630

Yarralumla Unit: Median price $748,000, Annual capital growth 5.68%, Number of sales 26, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 542th in the list of Australian suburbs ordered by increase in median house value over the last year, Yarralumla, 2600 is in the top 20% with a property value increase of 15.35% recorded in median house prices.

While Yarralumla,2600 ranked number 8th in ACT for increase in median house value (annualised) increase, it is ranked 3rd over the last 5 years.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.46% offered to property buyers. Sellers in Yarralumla itself are offering an average vendor discount of -2.99% to real estate investors.

A $630 per week rent on the median house gives suburb investors a gross yield of circa 2.49%, without taking into account capital value appreciation, which has been averaging out at 6.08%.

While Yarralumla,2600 ranked number 6th in ACT for increase in median house value (annualised) increase, it is ranked 49th over the last 5 years.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
July 2015

M
O

W
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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.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
HOUSE UNIT
$1,315,000 $748,000
4.99% 15.08%
15.35% N/A
6.08% 5.68%
$630 $420
39 26
2.49% 2.92%
66.66 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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