Suburb Profile Report for Florey ACT (2615)

Florey House: Median price $600,000, Annual capital growth 3.95%, Number of sales 33, Weekly median advertised rent $510

Florey Unit: Median price $415,000, Annual capital growth 3.32%, Number of sales 31, Weekly median advertised rent $420

  • 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 Florey, 2615 should be relatively unhappy 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 1.27%

While Florey,2615 ranked number 27th in ACT for increase in median house value (annualised) increase, it is ranked 79th over the last 5 years.

Property investors looking for a bargain in Florey should be aiming for at least -2.71% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $510 weekly from the median priced house in this suburb.

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 -4.82%

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 -5.99%. This puts suburb at number 7th in ACT when ranking the most discounted suburbs.

Advertised rents are around the $420 mark per week – giving a return of 5.26% based on the median price in Suburb

Metrics i HOUSE UNIT
$600,000 $415,000
2.83% -5.68%
1.27% -4.82%
3.95% 3.32%
$510 $420
33 31
4.42% 5.26%
64.07 55.43

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
Chart Table
Recent sales & rentals