Suburb Profile Report for Latham ACT (2615)

Latham House: Median price $505,000, Annual capital growth 4.60%, Number of sales 46, Weekly median advertised rent $430

Latham Unit: Median price $392,500, Annual capital growth 3.04%, Number of sales 14, Weekly median advertised rent $368

  • 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 Latham, 2615 should be ok 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 4.12%

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

Property investors looking for a bargain in Latham should be aiming for at least -5.60% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $5160 per annum or $430 every week.

Latham, 2615 ranked 14th in ACT when comparing growth in median property values or capital gain over the last 12 months. Latham is one of 126 in our list for ACT

Comparing Latham,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Latham are currently offering property investors an average price cut of -2.09% below the asking price at the moment.

In the last year 14 properties changed hands in Latham, which puts it as the 62th most active market in ACT when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$505,000 $392,500
3.54% 0.64%
4.12% 9.48%
4.60% 3.04%
$430 $368
46 14
4.43% 4.87%
61.3 60.2

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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Demographics
Total population 3604
Median household income ($/weekly) 1720
Median age of persons 37
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 411 11.4
    25-34 years 530 14.7
    35-44 years 546 15.2
    45-54 years 459 12.7
    55-64 years 481 13.3
    Others 1176 32.6
    Age Group
    Census Count Percent(%)
    Registered Married 1338 50.0
    Not Married 1076 40.2
    Defacto Relationship 261 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 2794 80.7
    Japan 33 1.0
    Papua New Guinea 42 1.2
    United Kingdom 150 4.3
    Other 131 3.8
    Others 311 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 62 1.9
    Christianity 2193 65.6
    Hinduism 20 0.6
    Islam 40 1.2
    No Religion 1013 30.3
    Others 15 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 103 8.7
    $1,500-$1,999 185 15.6
    $2,000-$2,499 142 12.0
    $2,500-$2,999 134 11.3
    $3,000-$3,499 109 9.2
    Others 514 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1282 45.5
    Not in the labour force 792 28.1
    Employed, worked part-time 542 19.2
    Employed, away from work 129 4.6
    Unemployed, looking for work 71 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 219 11.2
    Professionals 478 24.5
    Technicians & trades workers 301 15.4
    Community & personal service workers 200 10.3
    Clerical & administrative workers 400 20.5
    Others 353 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 53 6.3
    Infants/Primary 267 31.9
    Secondary 215 25.7
    Technical or Further Educational Institution 90 10.8
    University or other Tertiary Institutions 184 22.0
    Others 28 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3242 94.8
    Semi-detached, row or terrace house, townhouse 114 3.3
    Flat, unit or apartment 63 1.8
    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 598 46.1
    Fully owned 424 32.7
    Rented 271 20.9
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals