Suburb Profile Report for Kaleen ACT (2617)

Kaleen House: Median price $650,000, Annual capital growth 5.09%, Number of sales 76, Weekly median advertised rent $480

Kaleen Unit: Median price $425,000, Annual capital growth 5.42%, Number of sales 17, Weekly median advertised rent $420

  • 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 Kaleen, 2617 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 7.35%

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

Property buyers and investors in Kaleen 2617 should be seeing an average reduction in asking price of around -2.85% . This means that Kaleen is holding prices well when compared to other suburbs in ACT.

In the last year 76 properties changed hands in Kaleen, which puts it as the 11th most active market in ACT when comparing the number of sales per suburb.

Kaleen, 2617’s gross rental yield is 3.84%

Kaleen is in the bottom 20% in ACT when comparing median price capital growth over the last year. Kaleen gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.53%.

Vendor discounting in Kaleen is giving property investors an average Vendor Discount of around -5.58%. This puts suburb at number 9th in ACT when ranking the most discounted suburbs.

In the last year 17 properties changed hands in Kaleen, which puts it as the 59th most active market in ACT when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$650,000 $425,000
1.80% N/A
7.35% -10.53%
5.09% 5.42%
$480 $420
76 17
3.84% 5.14%
73.03 72.16

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 7313
Median household income ($/weekly) 1948
Median age of persons 37
Median housing loan repayment ($/monthly) 1950
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 861 11.8
    25-34 years 1019 13.9
    35-44 years 987 13.5
    45-54 years 1040 14.2
    55-64 years 1157 15.8
    Others 2249 30.8
    Age Group
    Census Count Percent(%)
    Registered Married 2896 51.0
    Not Married 2343 41.3
    Defacto Relationship 436 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 5195 73.0
    Croatia 251 3.5
    United Kingdom 276 3.9
    Viet Nam 116 1.6
    Other 409 5.7
    Others 871 12.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 188 2.8
    Christianity 4418 65.0
    Hinduism 73 1.1
    Islam 110 1.6
    No Religion 1953 28.7
    Others 59 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 325 14.2
    $2,000-$2,499 279 12.2
    $2,500-$2,999 272 11.9
    $3,000-$3,499 249 10.9
    $4,000 or more 203 8.9
    Others 956 41.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2594 43.8
    Not in the labour force 1678 28.3
    Employed, worked part-time 1201 20.3
    Employed, away from work 309 5.2
    Unemployed, looking for work 137 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 562 13.7
    Professionals 1106 27.0
    Technicians & trades workers 498 12.1
    Community & personal service workers 373 9.1
    Clerical & administrative workers 820 20.0
    Others 744 18.1
    Occupation
    Census Count Percent(%)
    Pre-school 100 5.0
    Infants/Primary 562 28.2
    Secondary 515 25.9
    Technical or Further Educational Institution 210 10.6
    University or other Tertiary Institutions 556 27.9
    Others 47 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6771 96.2
    Flat, unit or apartment 196 2.8
    Semi-detached, row or terrace house, townhouse 71 1.0
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1041 41.2
    Being purchased 894 35.4
    Rented 585 23.1
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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Recent sales & rentals