Suburb Profile Report for Franklin ACT (2913)

Franklin House: Median price $685,500, Annual capital growth 6.41%, Number of sales 47, Weekly median advertised rent $498

Franklin Unit: Median price $355,000, Annual capital growth 1.25%, Number of sales 65, Weekly median advertised rent $383

  • 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 6.75% which means that Franklin, 2913 has done well for property investors by showing a capital gain of 5.46% over the last year

Comparing Franklin,2913 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Franklin should be aiming for at least -4.28% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Franklin have been waiting around 36.17 days to sell a property.

The ACT suburb of Franklin, 2913 is in the Unincorporated ACT local government area.

Property investors who have had real estate in Franklin, 2913 should be 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 -6.93%

Franklin,2913 has offered an average of -6.93% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Franklin 2913 should be seeing an average reduction in asking price of around -3.32% . This means that Franklin is holding prices well when compared to other suburbs in ACT.

On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.

Renters in Suburb are facing rents around $4590 per annum or $382.5 every week.

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
$685,500 $355,000
-2.00% 0.00%
5.46% -6.93%
6.41% 1.25%
$498 $383
47 65
3.77% 5.60%
36.17 62.28

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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