Suburb Profile Report for Latham ACT (2615)

Latham House: Median price $490,875, Annual capital growth 4.26%, Number of sales 46, Weekly median advertised rent $425

Latham Unit: Median price $390,000, Annual capital growth 5.72%, Number of sales 15, Weekly median advertised rent $365

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of 1.21% for the last year, Latham, 2615 is the 2673th highest performer in Australia in this respect.

While Latham,2615 ranked number 49th in ACT for increase in median house value (annualised) increase, it is ranked 51th 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 -4.38% offered to property buyers. Sellers in Latham itself are offering an average vendor discount of -5.60% to real estate investors.

Situated 10.90km from the CBD, Latham is one of Unincorporated ACT localities in the postcode 2615.

Property investors who have had real estate in Latham, 2615 should be relatively pleased 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 8.33%

Taking the average capital gain, or increase in median house value, Latham,2615 has racked up an average of 8.33% over the period. This ranks it number 1416th in the whole country for real estate investors looking at median house price increases.

HOUSE UNIT
$490,875 $390,000
1.21% 3.45%
1.21% 8.33%
4.26% 5.72%
$425 $365
46 15
4.50% 4.87%
62.31 N/A

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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