Suburb Profile Report for Giralang ACT (2617)

Giralang House: Median price $535,250, Annual capital growth 5.45%, Number of sales 41, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Expert Report

Giving property investors a a poor capital gain of -3.56% for the last year, Giralang, 2617 is the 3315th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Giralang comes in at number 42th in ACT.

At number 59th of ACT’s most discounted properties, Giralang is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Giralang is 35th on a list of best yielding suburbs for rents in ACT with a 4.27% return

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Located within Canberra’s Belconnen district, Giralang lies around 8km north of the CBD and is well and truly a suburb of houses, with 93.7% of all occupied dwellings coming into the house category at the last ABS census.Full summary

Located within Canberra’s Belconnen district, Giralang lies around 8km north of the CBD and is well and truly a suburb of houses, with 93.7% of all occupied dwellings coming into the house category at the last ABS census.

Affordability will be a big drawcard for investors considering purchasing a house in Giralang, as its median house price falls below the citywide figure.

The rental market here is strong, with yields sitting at around the 5% mark, and vacancy rates rarely lifting above 1% over the past five years according to SQM Research figures.

Those Canberra investors with an eye on that next renovation project will be interested to read RP Data's report on the suburb, as the data provider certainly thinks that Giralang has a host of properties with decent add-value potential:

“Houses within Giralang show a clear dominance towards long established dwellings," says the report. "In many cases these properties may offer significant renovation potential, whether it be internal, external or both. The land parcels within Giralang tend to be quite large, with the average lands size being between 800 and 900m2, suggesting there maybe scope for extensions of current dwellings, or subdivision for new dwellings.”

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HOUSE UNIT
$535,250 N/A
-2.56% N/A
-3.56% N/A
5.45% N/A
$440 N/A
41 N/A
4.27% N/A
52.5 N/A

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 3304
Median household income ($/weekly) 1993
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 348 10.5
    25-34 years 533 16.1
    35-44 years 449 13.6
    45-54 years 435 13.2
    55-64 years 513 15.5
    Others 1026 31.1
    Age Group
    Census Count Percent(%)
    Registered Married 1259 50.5
    Not Married 997 40.0
    Defacto Relationship 239 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2446 77.1
    Croatia 86 2.7
    Japan 37 1.2
    United Kingdom 147 4.6
    Other 116 3.7
    Others 339 10.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 85 2.8
    Christianity 1874 61.5
    Hinduism 29 1.0
    Islam 46 1.5
    No Religion 986 32.3
    Others 28 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 156 14.8
    $2,000-$2,499 118 11.2
    $2,500-$2,999 128 12.2
    $3,000-$3,499 119 11.3
    $4,000 or more 95 9.0
    Others 435 41.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1242 47.5
    Not in the labour force 652 24.9
    Employed, worked part-time 517 19.8
    Employed, away from work 131 5.0
    Unemployed, looking for work 75 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 260 13.7
    Professionals 507 26.7
    Technicians & trades workers 254 13.4
    Community & personal service workers 177 9.3
    Clerical & administrative workers 383 20.2
    Others 318 16.7
    Occupation
    Census Count Percent(%)
    Pre-school 52 6.7
    Infants/Primary 238 30.6
    Secondary 177 22.8
    Technical or Further Educational Institution 105 13.5
    University or other Tertiary Institutions 200 25.7
    Others 6 0.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2956 95.0
    Semi-detached, row or terrace house, townhouse 129 4.1
    Flat, unit or apartment 25 0.8
    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 508 43.9
    Fully owned 395 34.1
    Rented 250 21.6
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals