Suburb Profile Report for City ACT (2601)

City Unit: Median price $610,900, Annual capital growth 7.54%, Number of sales 158, Weekly median advertised rent $550

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

Source: CoreLogic

  • Unit Report

Property investors who have had real estate in City, 2601 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 5.97%

Taking the average capital gain, or increase in median house value, City,2601 has racked up an average of 5.97% over the period. This ranks it number 251th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in City are currently offering property investors an average price cut of -2.51% below the asking price at the moment.

In the last year 158 properties changed hands in City, which puts it as the 4th most active market in ACT when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
N/A $610,900
N/A 2.67%
N/A 5.97%
N/A 7.54%
N/A $550
N/A 158
N/A 4.68%
N/A 98.78

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 2824
Median household income ($/weekly) 2155
Median age of persons 24
Median housing loan repayment ($/monthly) 2606
Average household size 1.7
  • Census Count Percent(%)
    15-19 years 374 13.2
    20-24 years 1042 36.9
    25-34 years 700 24.8
    35-44 years 237 8.4
    45-54 years 180 6.4
    Others 291 10.3
    Age Group
    Census Count Percent(%)
    Not Married 640 51.4
    Registered Married 360 28.9
    Defacto Relationship 244 19.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1094 43.6
    Croatia 416 16.6
    Malta 131 5.2
    Singapore 99 3.9
    Other 194 7.7
    Others 574 22.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 190 7.9
    Christianity 889 37.0
    Hinduism 74 3.1
    Islam 121 5.0
    No Religion 1097 45.7
    Others 31 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 62 8.4
    $1,500-$1,999 102 13.9
    $2,500-$2,999 173 23.5
    $3,000-$3,499 67 9.1
    $4,000 or more 63 8.6
    Others 269 36.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 877 35.5
    Not in the labour force 876 35.4
    Employed, worked part-time 451 18.2
    Unemployed, looking for work 206 8.3
    Employed, away from work 63 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 208 14.9
    Professionals 517 37.1
    Community & personal service workers 183 13.1
    Clerical & administrative workers 215 15.4
    Sales 128 9.2
    Others 142 10.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 16 1.1
    Secondary 13 0.9
    Technical or Further Educational Institution 32 2.2
    University or other Tertiary Institutions 1361 93.4
    Other type of educational institution 23 1.6
    Others 12 0.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1328 99.8
    Semi-detached, row or terrace house, townhouse 3 0.2
    Separate house 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 557 70.0
    Being purchased 152 19.1
    Fully owned 87 10.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals