Suburb Profile Report for Latham ACT (2615)

Latham House: Median price $535,000, Annual capital growth 4.90%, Number of sales 49, Weekly median advertised rent $450

Latham Unit: Median price $395,500, Annual capital growth 5.30%, Number of sales 14, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 10.31% for the last year, Latham, 2615 is the 1353th highest performer in Australia in this respect.

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

Vendor discounting in Latham is giving property investors an average Vendor Discount of around -6.67%. This puts suburb at number 9th in ACT when ranking the most discounted suburbs.

On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.

Property investors should expect to get $450 weekly from the median priced house in this suburb.

Latham is an average performer in ACT when comparing median price capital growth over the last year. Latham gave property investors a average capital gain figure when compared to the rest of the state, with 3.13%.

Latham,2615 was ranked 888 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -5.35% to buyers in Latham at the moment, which is less than average for the rest of ACT.

In the last year 14 properties changed hands in Latham, which puts it as the 66th most active market in ACT when comparing the number of sales per suburb.

Situated 10.97km from the CBD, Latham is one of Unincorporated ACT localities in the postcode 2615.

Metrics i HOUSE UNIT
$535,000 $395,500
4.90% 0.76%
10.31% 3.13%
4.90% 5.30%
$450 N/A
49 14
4.37% N/A
62.32 73.09

Source: CoreLogic

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