Suburb Profile Report for Chifley ACT (2606)

Chifley House: Median price $735,500, Annual capital growth 6.29%, Number of sales 36, Weekly median advertised rent $520

Chifley Unit: Median price $393,000, Annual capital growth 7.61%, Number of sales 30, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 10.77% for the last 12 months, Chifley, 2606 has performed for property investments than its average annual 6.29% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Chifley,2606 has racked up an average of 10.77% over the period. This ranks it number 1344th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Chifley should be aiming for at least -5.45% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Chifley the average time real estate has been on the market is 66.16 days.

Chifley is 58th on a list of best yielding suburbs for rents in ACT with a 3.68% return

Property value increases in Chifley have tracked lower than the ACT average of -0.94% over the last 12 months.

Chifley,2606 has offered an average of -20.93% return per annum in house price rises to property investors over the last three years.

Chifley2606 is located in ACT which offers an average discount of -4.08% to property investors. Chifley itself is showing figures that indicate -4.57% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Chifley being $393000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.63%

HOUSE UNIT
$735,500 $393,000
N/A 13.58%
10.77% -20.93%
6.29% 7.61%
$520 $350
36 30
3.68% 4.63%
66.16 121.42

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
Chart Table
Recent sales & rentals