Suburb Profile Report for Barton ACT (2600)

Barton Unit: Median price $488,000, Annual capital growth 0.68%, Number of sales 62, Weekly median advertised rent $550

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

With a capital gain of -6.15% for the last 12 months, Barton, 2600 has performed for property investments than its average annual 0.68% property growth over the last 5 years.

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

Our latest figures would indicate that property sellers in Barton are currently offering property investors an average price cut of -2.60% below the asking price at the moment.

Residents and property investors in Barton have been waiting around 82.2069 days to sell a property.

Barton, 2600’s gross rental yield is 5.86%

Information supplied by:


November 2018

M
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W
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Units face a steep drop

Postcode: 2600

Median unit price: $492,000

Three-year growth: 6.7%

Rental yield: 5.8%

Apartments are seeing a steep drop in the suburb of Barton, with prices showing an almost-consistent drop since 2013.

The unit market reported negative growth of 10.7% in the 12 months to August 2018 – the biggest drop in the last five years. This has caused the median price to fall below $500,000. The rental market has faltered as well, with the average rental vacancy rate rising from 8% to 8.5% in the same period. The weekly rent rate comes in at $550 on average.

The suburb mainly contains government buildings and national institutions, drawing working professionals in the political sector. It is also home to theological education institute St Mark’s National Theological Centre, a branch of the School of Theology at Charles Sturt University, and to the Australian Centre for Christianity and Culture. Secular schools include Telopea Park School and Narrabundah College.

Metrics i HOUSE UNIT
N/A $488,000
N/A -18.65%
N/A -6.15%
N/A 0.68%
N/A $550
N/A 62
N/A 5.86%
N/A 82.206894

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Above average (U)
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Demographics
Total population 1186
Median household income ($/weekly) 2678
Median age of persons 38
Median housing loan repayment ($/monthly) 2769
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 93 7.8
    25-34 years 317 26.8
    35-44 years 193 16.3
    45-54 years 165 13.9
    55-64 years 186 15.7
    Others 231 19.5
    Age Group
    Census Count Percent(%)
    Not Married 351 41.3
    Registered Married 341 40.1
    Defacto Relationship 158 18.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 751 72.6
    Lebanon 15 1.4
    United Kingdom 64 6.2
    United States of America 16 1.5
    Other 67 6.5
    Others 122 11.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 3.1
    Christianity 538 53.7
    Hinduism 10 1.0
    Islam 31 3.1
    No Religion 381 38.1
    Others 10 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 33 7.0
    $1,500-$1,999 57 12.1
    $2,500-$2,999 126 26.8
    $3,000-$3,499 60 12.8
    $4,000 or more 73 15.5
    Others 121 25.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 624 65.5
    Not in the labour force 154 16.2
    Employed, worked part-time 103 10.8
    Employed, away from work 45 4.7
    Unemployed, looking for work 27 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 166 21.5
    Professionals 349 45.2
    Technicians & trades workers 31 4.0
    Community & personal service workers 62 8.0
    Clerical & administrative workers 111 14.4
    Others 53 6.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 28 11.2
    Secondary 39 15.7
    Technical or Further Educational Institution 17 6.8
    University or other Tertiary Institutions 133 53.4
    Other type of educational institution 22 8.8
    Others 10 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 721 75.3
    Separate house 189 19.7
    Semi-detached, row or terrace house, townhouse 48 5.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 249 49.5
    Being purchased 135 26.8
    Fully owned 119 23.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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