Suburb Profile Report for Theodore ACT (2905)

Theodore House: Median price $559,000, Annual capital growth 5.14%, Number of sales 44, Weekly median advertised rent $435

Theodore Unit: Median price $394,750, Annual capital growth 3.47%, Number of sales 20, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report

ACT has seen average median house prices change by 6.73% which means that Theodore, 2905 has done well for property investors by showing a capital gain of 18.94% over the last year

A 24.50% growth in median value for property investors in Theodore,2905 puts this suburb at number 2nd in terms of best performing suburbs in ACT

Property investors looking for a bargain in Theodore should be aiming for at least -3.75% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1364 in a list of fastest selling suburbs, Theodore is in the TOP 40% of suburbs in Australia with an average of days on market 67.64 for properties listed there.

A $435 per week rent on the median house gives suburb investors a gross yield of circa 4.05%, without taking into account capital value appreciation, which has been averaging out at 5.14%.

Property investors who have had real estate in Theodore, 2905 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 3.88%

When looking at the potential capital gains offered to property investors over the last 3 years, Theodore comes in at number 26th in ACT.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.21% offered to property buyers. Sellers in Theodore itself are offering an average vendor discount of -3.05% to real estate investors.

Often selling an investment property can take time, and in Theodore the average time real estate has been on the market is 48.78 days.

Advertised rents are around the $390 mark per week – giving a return of 5.14% based on the median price in Suburb

Metrics i HOUSE UNIT
$559,000 $394,750
10.15% 2.00%
18.94% 3.88%
5.14% 3.47%
$435 $390
44 20
4.05% 5.14%
67.64 48.78

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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Demographics
Total population 4020
Median household income ($/weekly) 1977
Median age of persons 31
Median housing loan repayment ($/monthly) 2087
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 610 15.2
    15-19 years 392 9.8
    25-34 years 568 14.1
    35-44 years 623 15.5
    45-54 years 690 17.2
    Others 1137 28.3
    Age Group
    Census Count Percent(%)
    Registered Married 1419 48.9
    Not Married 1140 39.3
    Defacto Relationship 341 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3269 84.1
    Indonesia 22 0.6
    Papua New Guinea 45 1.2
    United Kingdom 156 4.0
    Other 142 3.7
    Others 252 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 63 1.7
    Christianity 2531 67.6
    Islam 65 1.7
    Other Religious Groups 28 0.7
    No Religion 1026 27.4
    Others 31 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 109 9.0
    $1,500-$1,999 185 15.3
    $2,000-$2,499 154 12.7
    $2,500-$2,999 169 14.0
    $3,000-$3,499 119 9.9
    Others 472 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1595 53.3
    Employed, worked part-time 608 20.3
    Not in the labour force 551 18.4
    Employed, away from work 170 5.7
    Unemployed, looking for work 70 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 330 13.9
    Professionals 450 19.0
    Technicians & trades workers 329 13.9
    Community & personal service workers 250 10.5
    Clerical & administrative workers 520 21.9
    Others 495 20.9
    Occupation
    Census Count Percent(%)
    Pre-school 75 6.5
    Infants/Primary 375 32.4
    Secondary 399 34.5
    Technical or Further Educational Institution 122 10.5
    University or other Tertiary Institutions 160 13.8
    Others 27 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3719 96.0
    Semi-detached, row or terrace house, townhouse 117 3.0
    Flat, unit or apartment 36 0.9
    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 762 58.4
    Fully owned 284 21.8
    Rented 259 19.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals