Suburb Profile Report for Chifley ACT (2606)

Chifley House: Median price $788,500, Annual capital growth 6.77%, Number of sales 28, Weekly median advertised rent $520

Chifley Unit: Median price $346,000, Annual capital growth 5.93%, Number of sales 25, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 616th in the list of Australian suburbs ordered by increase in median house value over the last year, Chifley, 2606 is in the top 20% with a property value increase of 15.45% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Chifley comes in at number 13th in ACT.

At number 13th of ACT’s most discounted properties, Chifley is in the bottom 30% of the state/territory when listing in order of most discounted to least.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 3.43%, without taking into account capital value appreciation, which has been averaging out at 6.77%.

Chifley has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -30.10% to date .

Comparing Chifley,2606 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Chifley, 2606. Typically our figures indicate that -6.25% is being offered, which puts this ACT suburb at 412th most discounted overall in Australia.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$788,500 $346,000
8.38% -7.98%
15.45% -30.10%
6.77% 5.93%
$520 $350
28 25
3.43% 5.26%
58.58 108.75

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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