Suburb Profile Report for Weston ACT (2611)

Weston House: Median price $727,500, Annual capital growth 5.91%, Number of sales 56, Weekly median advertised rent $510

Weston Unit: Median price $420,000, Annual capital growth 1.92%, Number of sales 12, Weekly median advertised rent $410

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Weston, 2611 have given investors a capital gain of 1.75%. This compares badly with the 5.43% for ACT as a whole.

Over the longer term, Weston has seen property prices show investors a 37.91% return over the last 3 years. This is worse than over the last 12 months

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.63% offered to property buyers. Sellers in Weston itself are offering an average vendor discount of -2.95% to real estate investors.

On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.

Weston, 2611’s gross rental yield is 3.65%

ACT has seen average median house prices change by -1.57% which means that Weston, 2611 has not done well for property investors by showing a capital gain of -16.00% over the last year

Comparing Weston,2611 ‘s 5year and quarterly average capital gain offered to property investors, it performed the same across the longer period

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

Situated 9.05km from the CBD, Weston is one of Unincorporated ACT localities in the postcode 2611.

HOUSE UNIT
$727,500 $420,000
0.34% -3.45%
1.75% -16.00%
5.91% 1.92%
$510 $410
56 12
3.65% 5.08%
53.15 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 3254
Median household income ($/weekly) 1777
Median age of persons 43
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    25-34 years 363 11.2
    35-44 years 493 15.1
    45-54 years 391 12.0
    55-64 years 394 12.1
    65-74 years 388 11.9
    Others 1226 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 1202 51.6
    Not Married 885 38.0
    Defacto Relationship 242 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2430 77.7
    Croatia 31 1.0
    Greece 36 1.2
    United Kingdom 207 6.6
    Other 153 4.9
    Others 272 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 1.4
    Christianity 1848 62.2
    Islam 44 1.5
    Other Religious Groups 24 0.8
    No Religion 991 33.3
    Others 23 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 162 14.2
    $2,000-$2,499 94 8.2
    $2,500-$2,999 144 12.6
    $3,000-$3,499 107 9.4
    $4,000 or more 100 8.7
    Others 537 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1004 39.3
    Not in the labour force 918 35.9
    Employed, worked part-time 477 18.7
    Employed, away from work 110 4.3
    Unemployed, looking for work 46 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 279 17.6
    Professionals 533 33.6
    Technicians & trades workers 141 8.9
    Community & personal service workers 135 8.5
    Clerical & administrative workers 294 18.5
    Others 205 12.9
    Occupation
    Census Count Percent(%)
    Pre-school 61 9.0
    Infants/Primary 219 32.2
    Secondary 170 25.0
    Technical or Further Educational Institution 64 9.4
    University or other Tertiary Institutions 154 22.6
    Others 13 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2455 84.1
    Semi-detached, row or terrace house, townhouse 316 10.8
    Flat, unit or apartment 144 4.9
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 475 38.5
    Being purchased 425 34.4
    Rented 315 25.5
    Other tenure type 19 1.5
    Tenure Type
Census 2011, ABS
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