Suburb Profile Report for Chifley ACT (2606)

Chifley House: Median price $736,000, Annual capital growth 6.59%, Number of sales 38, Weekly median advertised rent $490

Chifley Unit: Median price $321,500, Annual capital growth 6.16%, Number of sales 25, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Chifley have tracked higher than the ACT average of 5.43% over the last 12 months.

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

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.

At number 1147 in a list of fastest selling suburbs, Chifley is in the TOP 40% of suburbs in Australia with an average of days on market 66.16 for properties listed there.

Renters in Suburb are facing rents around $5880 per annum or $490 every week.

With a capital gain of -36.84% for the last 12 months, Chifley, 2606 has performed for property investments than its average annual 6.16% property growth over the last 5 years.

The five-year average increase in median property values for Chifley,2606 has given property investors a potential capital gain of -11.07% across each of those five years.

Chifley2606 is located in ACT which offers an average discount of -3.94% to property investors. Chifley itself is showing figures that indicate -4.57% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Chifley have been waiting around 121.42 days to sell a property.

Using the current median advertised rental of $340 and the average annual increase in value of a median property of 6.16%, investors should hope to achieve an overall return of 5.50%

HOUSE UNIT
$736,000 $321,500
3.66% 5.93%
12.37% -36.84%
6.59% 6.16%
$490 $340
38 25
3.46% 5.50%
66.16 121.42

Source: CoreLogic

DSR Score for property investment : Good (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