Suburb Profile Report for Florey ACT (2615)

Florey House: Median price $582,000, Annual capital growth 4.06%, Number of sales 31, Weekly median advertised rent $510

Florey Unit: Median price $403,250, Annual capital growth 3.35%, Number of sales 37, Weekly median advertised rent $420

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

Source: CoreLogic

  • House Report
  • Unit Report

ACT has seen average median house prices change by 5.15% which means that Florey, 2615 has done well for property investors by showing a capital gain of -2.18% over the last year

While Florey,2615 ranked number 71th in ACT for increase in median house value (annualised) increase, it is ranked 78th over the last 5 years.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.11% offered to property buyers. Sellers in Florey itself are offering an average vendor discount of -2.73% to real estate investors.

In the last year 31 properties changed hands in Florey, which puts it as the 62th most active market in ACT when comparing the number of sales per suburb.

Situated 9.12km from the CBD, Florey is one of Unincorporated ACT localities in the postcode 2615.

If you compare the increase in value of investment property in Florey, 2615 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -5.67%.

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

Property investors looking for a bargain in Florey should be aiming for at least -5.99% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $420 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$582,000 $403,250
-2.18% -8.35%
-2.18% -5.67%
4.06% 3.35%
$510 $420
31 37
4.56% 5.42%
63.41 59.73

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5042
Median household income ($/weekly) 1636
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 628 12.5
    25-34 years 730 14.5
    35-44 years 674 13.4
    45-54 years 799 15.9
    55-64 years 610 12.1
    Others 1599 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 1832 47.9
    Not Married 1670 43.7
    Defacto Relationship 320 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3381 70.0
    Croatia 126 2.6
    United Kingdom 175 3.6
    Viet Nam 154 3.2
    Other 306 6.3
    Others 691 14.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 308 6.6
    Christianity 2818 60.8
    Hinduism 132 2.8
    Islam 157 3.4
    No Religion 1189 25.6
    Others 34 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 141 8.6
    $1,500-$1,999 218 13.3
    $2,000-$2,499 170 10.3
    $2,500-$2,999 161 9.8
    $3,000-$3,499 153 9.3
    Others 802 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1723 43.4
    Not in the labour force 1139 28.7
    Employed, worked part-time 809 20.4
    Employed, away from work 172 4.3
    Unemployed, looking for work 130 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 321 11.9
    Professionals 700 25.9
    Technicians & trades workers 281 10.4
    Community & personal service workers 259 9.6
    Clerical & administrative workers 571 21.1
    Others 572 21.2
    Occupation
    Census Count Percent(%)
    Pre-school 69 4.9
    Infants/Primary 405 28.5
    Secondary 403 28.3
    Technical or Further Educational Institution 148 10.4
    University or other Tertiary Institutions 366 25.7
    Others 31 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4195 86.9
    Semi-detached, row or terrace house, townhouse 345 7.1
    Flat, unit or apartment 289 6.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 671 37.4
    Being purchased 567 31.6
    Fully owned 553 30.8
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
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