Suburb Profile Report for Florey ACT (2615)

Florey House: Median price $576,000, Annual capital growth 3.88%, Number of sales 29, Weekly median advertised rent $495

Florey Unit: Median price $415,000, Annual capital growth 3.76%, Number of sales 34, Weekly median advertised rent $400

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

Source: CoreLogic

  • House Report
  • Unit Report

Florey is in the bottom 20% in ACT when comparing median price capital growth over the last year. Florey gave property investors a dismal capital gain figure when compared to the rest of the state, with -3.19%.

Florey,2615 was ranked 3643 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Florey is offering property investors an average of -4.38. This rate of discount on properties puts Suburb at number 44th in terms of most discounted suburbs in ACT

Over the last year, property investments in Florey, 2615 have given investors a capital gain of -4.05%. This compares badly with the -1.90% for ACT as a whole.

Taking the average capital gain, or increase in median house value, Florey,2615 has racked up an average of -4.05% over the period. This ranks it number 1081th in the whole country for real estate investors looking at median house price increases.

Florey2615 is located in ACT which offers an average discount of -4.17% to property investors. Florey itself is showing figures that indicate -6.35% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $400 weekly from the median priced house in this suburb.

HOUSE UNIT
$576,000 $415,000
-4.00% -4.60%
-3.19% -4.05%
3.88% 3.76%
$495 $400
29 34
4.47% 5.01%
59.9 65.27

Source: CoreLogic

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