Suburb Profile Report for Chifley ACT (2606)

Chifley House: Median price $736,000, Annual capital growth 6.31%, Number of sales 36, Weekly median advertised rent $510

Chifley Unit: Median price $361,000, Annual capital growth 5.47%, Number of sales 31, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1390th in the list of Australian suburbs ordered by increase in median house value over the last year, Chifley, 2606 is in the top 40% with a property value increase of 8.39% recorded in median house prices.

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

LACK OF BUYER INTEREST may well be the reason that Chifley is offering property investors an average of -4.22. This rate of discount on properties puts Suburb at number 12th in terms of most discounted suburbs in ACT

Using the current median advertised rental of $510 and the average annual increase in value of a median property of 6.31%, investors should hope to achieve an overall return of 3.60%

Property value increases in Chifley have tracked lower than the ACT average of 0.57% over the last 12 months.

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

At number 8th of ACT’s most discounted properties, Chifley is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Chifley is 38th on a list of best yielding suburbs for rents in ACT with a 5.04% return

Metrics i HOUSE UNIT
$736,000 $361,000
1.17% 4.34%
8.39% -25.57%
6.31% 5.47%
$510 $350
36 31
3.60% 5.04%
69.81 126.57

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 2489
Median household income ($/weekly) 1633
Median age of persons 36
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 285 11.5
    25-34 years 411 16.5
    35-44 years 401 16.1
    45-54 years 318 12.8
    55-64 years 221 8.9
    Others 853 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 878 46.9
    Not Married 828 44.2
    Defacto Relationship 168 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1701 70.6
    Croatia 32 1.3
    Indonesia 117 4.9
    United Kingdom 113 4.7
    Other 133 5.5
    Others 312 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 2.5
    Christianity 1326 57.1
    Hinduism 72 3.1
    Islam 73 3.1
    No Religion 739 31.8
    Others 54 2.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 86 9.4
    $1,500-$1,999 123 13.4
    $2,000-$2,499 79 8.6
    $2,500-$2,999 101 11.0
    $4,000 or more 82 8.9
    Others 448 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 874 45.1
    Not in the labour force 584 30.1
    Employed, worked part-time 358 18.5
    Employed, away from work 85 4.4
    Unemployed, looking for work 36 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 188 14.3
    Professionals 438 33.2
    Technicians & trades workers 136 10.3
    Community & personal service workers 104 7.9
    Clerical & administrative workers 249 18.9
    Others 204 15.5
    Occupation
    Census Count Percent(%)
    Pre-school 57 9.2
    Infants/Primary 207 33.5
    Secondary 122 19.8
    Technical or Further Educational Institution 72 11.7
    University or other Tertiary Institutions 139 22.5
    Others 20 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1934 81.1
    Flat, unit or apartment 350 14.7
    Semi-detached, row or terrace house, townhouse 102 4.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 366 37.4
    Fully owned 312 31.9
    Being purchased 297 30.4
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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