Suburb Profile Report for Waramanga ACT (2611)

Waramanga House: Median price $669,000, Annual capital growth 5.44%, Number of sales 31, Weekly median advertised rent $480

Waramanga Unit: Median price $400,000, Annual capital growth 5.15%, Number of sales 13, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 21.09% for the last 12 months, Waramanga, 2611 has performed for property investments than its average annual 5.44% property growth over the last 5 years.

Over the longer term, Waramanga has seen property prices show investors a 29.90% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Waramanga is offering property investors an average of -4.22. This rate of discount on properties puts Suburb at number 22th in terms of most discounted suburbs in ACT

At number 662 in a list of fastest selling suburbs, Waramanga is in the TOP 20% of suburbs in Australia with an average of days on market 53.94 for properties listed there.

With the median price for a house in Waramanga being $669000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.73%

Over the last year, property investments in Waramanga, 2611 have given investors a capital gain of 11.58%. This compares very favourably with the 0.57% for ACT as a whole.

On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.

Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.15%, investors should hope to achieve an overall return of 5.20%

Metrics i HOUSE UNIT
$669,000 $400,000
2.14% N/A
21.09% 11.58%
5.44% 5.15%
$480 $400
31 13
3.73% 5.20%
53.94 N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 2596
Median household income ($/weekly) 1681
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 309 11.9
    25-34 years 354 13.6
    35-44 years 440 16.9
    45-54 years 300 11.6
    55-64 years 296 11.4
    Others 898 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 941 49.1
    Not Married 792 41.3
    Defacto Relationship 184 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1908 77.5
    Indonesia 29 1.2
    Papua New Guinea 28 1.1
    United Kingdom 135 5.5
    Other 130 5.3
    Others 233 9.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1487 62.8
    Hinduism 26 1.1
    Islam 51 2.2
    Other Religious Groups 20 0.8
    No Religion 759 32.1
    Others 25 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 79 8.2
    $1,500-$1,999 121 12.6
    $2,000-$2,499 91 9.5
    $2,500-$2,999 127 13.3
    $3,000-$3,499 77 8.0
    Others 463 48.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 858 42.6
    Not in the labour force 654 32.4
    Employed, worked part-time 389 19.3
    Employed, away from work 77 3.8
    Unemployed, looking for work 38 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 187 14.1
    Professionals 411 31.0
    Technicians & trades workers 141 10.6
    Community & personal service workers 127 9.6
    Clerical & administrative workers 278 21.0
    Others 182 13.7
    Occupation
    Census Count Percent(%)
    Pre-school 27 4.5
    Infants/Primary 216 36.2
    Secondary 138 23.1
    Technical or Further Educational Institution 65 10.9
    University or other Tertiary Institutions 133 22.3
    Others 18 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2060 84.9
    Semi-detached, row or terrace house, townhouse 312 12.9
    Flat, unit or apartment 55 2.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 374 36.9
    Rented 335 33.1
    Fully owned 304 30.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals