Suburb Profile Report for Latham ACT (2615)

Latham House: Median price $532,500, Annual capital growth 5.11%, Number of sales 48, Weekly median advertised rent $440

Latham Unit: Median price $401,000, Annual capital growth 6.43%, Number of sales 14, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Latham, 2615 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 10.94%.

Latham,2615 was ranked 262 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -5.60% to buyers in Latham at the moment, which is less than average for the rest of ACT.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.11%, investors should hope to achieve an overall return of 4.30%

At number 604th in the list of Australian suburbs ordered by increase in median house value over the last year, Latham, 2615 is in the top 40% with a property value increase of 6.37% recorded in median house prices.

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.

Using the current median advertised rental of $370 and the average annual increase in value of a median property of 6.43%, investors should hope to achieve an overall return of 4.80%

Metrics i HOUSE UNIT
$532,500 $401,000
9.12% 2.82%
10.94% 6.37%
5.11% 6.43%
$440 $370
48 14
4.30% 4.80%
58.14 N/A

Source: CoreLogic

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