Suburb Profile Report for Franklin ACT (2913)

Franklin House: Median price $709,500, Annual capital growth 4.51%, Number of sales 57, Weekly median advertised rent $535

Franklin Unit: Median price $364,500, Annual capital growth 1.12%, Number of sales 67, Weekly median advertised rent $390

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

ACT has seen average median house prices change by 7.58% which means that Franklin, 2913 has done well for property investors by showing a capital gain of 9.15% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Franklin comes in at number 22th in ACT.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Franklin, 2913. Typically our figures indicate that -1.87% is being offered, which puts this ACT suburb at 3687th most discounted overall in Australia.

Often selling an investment property can take time, and in Franklin the average time real estate has been on the market is 41.66 days.

Using the current median advertised rental of $535 and the average annual increase in value of a median property of 4.51%, investors should hope to achieve an overall return of 3.92%

Property investors who have had real estate in Franklin, 2913 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.94%

A 1.28% growth in median value for property investors in Franklin,2913 puts this suburb at number 50th in terms of best performing suburbs in ACT

LACK OF BUYER INTEREST may well be the reason that Franklin is offering property investors an average of -4.10. This rate of discount on properties puts Suburb at number 35th in terms of most discounted suburbs in ACT

Information supplied by:


March 2017

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The fairly new suburb of Franklin is one of those benefiting from Gungahlin’s development. This suburb recorded a jump of almost 7% in two-bedroom unit prices over the past 12 months, but it remains a reasonably priced area to invest in.Full summary

Median unit price: $359,500

Rental yield: 5.71%

The fairly new suburb of Franklin is one of those benefiting from Gungahlin’s development. This suburb recorded a jump of almost 7% in two-bedroom unit prices over the past 12 months, but it remains a reasonably priced area to invest in.

The rental market has followed by increasing rents at almost the same rate. In the process, investors can gain a significant average return of 5.7%. Although Franklin’s townhouse market did not report rises in rent rate, landlords can still earn a 5.3% yield.

The suburb is home to parklands, and it encourages a nature-filled, active lifestyle through pedestrian and cyclist trails. There are several schools at various education levels as well. For other amenities, Franklin is only 15 minutes away from Canberra by car and roughly half an hour by bus. The Marketplace at Gungahlin is minutes away and houses many shops and restaurants.

Close
Metrics i HOUSE UNIT
$709,500 $364,500
3.58% -1.22%
9.15% -3.94%
4.51% 1.12%
$535 $390
57 67
3.92% 5.56%
41.66 57.52

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 3807
Median household income ($/weekly) 2292
Median age of persons 28
Median housing loan repayment ($/monthly) 2600
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 429 11.3
    5-14 years 462 12.1
    20-24 years 384 10.1
    25-34 years 1144 30.1
    35-44 years 664 17.5
    Others 721 19.0
    Age Group
    Census Count Percent(%)
    Registered Married 1469 53.9
    Not Married 914 33.5
    Defacto Relationship 342 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2037 55.6
    Croatia 295 8.1
    Indonesia 252 6.9
    Viet Nam 102 2.8
    Other 378 10.3
    Others 600 16.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 248 7.0
    Christianity 1624 45.9
    Hinduism 322 9.1
    Islam 277 7.8
    No Religion 1012 28.6
    Others 54 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 167 14.6
    $2,000-$2,499 179 15.6
    $2,500-$2,999 188 16.4
    $3,000-$3,499 152 13.3
    $4,000 or more 92 8.0
    Others 368 32.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1676 59.9
    Not in the labour force 486 17.4
    Employed, worked part-time 434 15.5
    Employed, away from work 125 4.5
    Unemployed, looking for work 79 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 335 15.0
    Professionals 762 34.1
    Technicians & trades workers 231 10.3
    Community & personal service workers 171 7.6
    Clerical & administrative workers 409 18.3
    Others 328 14.7
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.9
    Infants/Primary 307 26.9
    Secondary 191 16.7
    Technical or Further Educational Institution 134 11.7
    University or other Tertiary Institutions 373 32.7
    Others 46 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3177 87.3
    Semi-detached, row or terrace house, townhouse 299 8.2
    Flat, unit or apartment 165 4.5
    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 791 64.4
    Rented 362 29.5
    Fully owned 76 6.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals