Suburb Profile Report for Florey ACT (2615)

Florey House: Median price $617,000, Annual capital growth 4.81%, Number of sales 30, Weekly median advertised rent $503

Florey Unit: Median price $420,000, Annual capital growth 3.31%, 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

Property value increases in Florey have tracked lower than the ACT average of 7.78% over the last 12 months.

Taking the average capital gain, or increase in median house value, Florey,2615 has racked up an average of 0.12% over the period. This ranks it number 3049th in the whole country for real estate investors looking at median house price increases.

Florey is 31th on a list of best yielding suburbs for rents in ACT with a 4.24% return

Investment property in Florey has done 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 -5.62%

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

Vendor discounting in Florey is giving property investors an average Vendor Discount of around -4.71%. This puts suburb at number 12th in ACT when ranking the most discounted suburbs.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 5.20%, without taking into account capital value appreciation, which has been averaging out at 3.31%.

Metrics i HOUSE UNIT
$617,000 $420,000
0.98% N/A
0.12% -5.62%
4.81% 3.31%
$503 $420
30 37
4.24% 5.20%
N/A 53.8

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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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