Suburb Profile Report for Scullin ACT (2614)

Scullin House: Median price $542,500, Annual capital growth 4.94%, Number of sales 40, Weekly median advertised rent $450

Scullin Unit: Median price $394,750, Annual capital growth 3.27%, Number of sales 15, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Scullin, 2614 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.94%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Scullin has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Scullin should be aiming for at least -4.68% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $450 mark per week – giving a return of 4.31% based on the median price in Suburb

Investment property in Scullin has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.13%

While Scullin,2614 ranked number 6th in ACT for increase in median house value (annualised) increase, it is ranked 13th over the last 5 years.

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 Scullin, 2614. Typically our figures indicate that -3.24% is being offered, which puts this ACT suburb at 1219th most discounted overall in Australia.

Using the current median advertised rental of $375 and the average annual increase in value of a median property of 3.27%, investors should hope to achieve an overall return of 4.94%

Metrics i HOUSE UNIT
$542,500 $394,750
2.17% 7.41%
10.94% -3.13%
4.94% 3.27%
$450 $375
40 15
4.31% 4.94%
42.5 131.36

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 2814
Median household income ($/weekly) 1495
Median age of persons 34
Median housing loan repayment ($/monthly) 1863
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 297 10.6
    25-34 years 487 17.3
    35-44 years 421 15.0
    45-54 years 331 11.8
    55-64 years 290 10.3
    Others 989 35.1
    Age Group
    Census Count Percent(%)
    Not Married 950 44.8
    Registered Married 948 44.7
    Defacto Relationship 223 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2024 75.2
    Croatia 55 2.0
    Indonesia 63 2.3
    United Kingdom 129 4.8
    Other 180 6.7
    Others 242 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 75 2.9
    Christianity 1435 56.0
    Hinduism 67 2.6
    Islam 83 3.2
    No Religion 877 34.2
    Others 26 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 100 9.9
    $1,250-$1,499 86 8.5
    $1,500-$1,999 150 14.8
    $2,000-$2,499 103 10.1
    $2,500-$2,999 108 10.6
    Others 468 46.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 923 41.8
    Not in the labour force 701 31.8
    Employed, worked part-time 421 19.1
    Employed, away from work 110 5.0
    Unemployed, looking for work 51 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 182 12.5
    Professionals 409 28.1
    Technicians & trades workers 174 12.0
    Community & personal service workers 136 9.3
    Clerical & administrative workers 270 18.5
    Others 285 19.6
    Occupation
    Census Count Percent(%)
    Pre-school 30 4.5
    Infants/Primary 202 30.2
    Secondary 152 22.7
    Technical or Further Educational Institution 97 14.5
    University or other Tertiary Institutions 166 24.8
    Others 22 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2242 84.0
    Semi-detached, row or terrace house, townhouse 295 11.0
    Flat, unit or apartment 133 5.0
    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 396 36.4
    Rented 362 33.2
    Fully owned 331 30.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals