Suburb Profile Report for Deakin ACT (2600)

Deakin House: Median price $1,200,000, Annual capital growth 4.89%, Number of sales 41, Weekly median advertised rent $793

Deakin Unit: Median price $785,000, Annual capital growth 1.70%, Number of sales 11, Weekly median advertised rent $660

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

Over the last year, property investments in Deakin, 2600 have given investors a capital gain of 2.43%. This compares averagely with the 4.46% for ACT as a whole.

Taking the average capital gain, or increase in median house value, Deakin,2600 has racked up an average of 2.43% over the period. This ranks it number 917th in the whole country for real estate investors looking at median house price increases.

Sellers are offering property buyers an average discount of -6.22% to buyers in Deakin at the moment, which is less than average for the rest of ACT.

Situated 4.87km from the CBD, Deakin is one of Unincorporated ACT localities in the postcode 2600.

Over the last year, property investments in Deakin, 2600 have given investors a capital gain of 6.51%. This compares favourably with the 1.93% for ACT as a whole.

Deakin,2600 has offered an average of 6.51% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Deakin should be aiming for at least -4.96% off the asking price, which is the average vendor discount being achieved at the moment.

A $650 per week rent on the median house gives suburb investors a gross yield of circa 4.35%, without taking into account capital value appreciation, which has been averaging out at 1.24%.

Information supplied by:


December 2018

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Known as the location of the Australian Prime Minister’s home and of the Royal Australian Mint, Deakin is only a short distance from Parliament HouseFull summary

Price tags go up further

Postcode: 2600

Median house price: $1,245,000

Three-year growth: 29.5%

Rental yield: 3.1%

Known as the location of the Australian Prime Minister’s home and of the Royal Australian Mint, Deakin is only a short distance from Parliament House.

This premium suburb has some of the most expensive houses in the ACT. However, demand seems undeterred, as price growth continues on. Rent rates are quite steep as well at over $700 a week – even then, investors don’t reap a significant profit at an average rental return of 3.1%.

The suburb was only fully built after World War 2, and contains many heritage sites. These include the Prime Minister’s Lodge, the Canberra Girls’ Grammar School Boarding House and the Deakin Anticline. Despite being primarily residential, Deakin also has a shopping centre situated on Hopetoun Circuit which has an IGA supermarket and restaurants. Alfred Deakin High School has been established here as well.

Close
Metrics i HOUSE UNIT
$1,200,000 $785,000
-4.00% 15.87%
-4.57% 2.95%
4.89% 1.70%
$793 $660
41 11
3.43% 4.37%
69.875 N/A

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 2785
Median household income ($/weekly) 2512
Median age of persons 43
Median housing loan repayment ($/monthly) 2632
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 359 12.9
    25-34 years 293 10.5
    35-44 years 337 12.1
    45-54 years 383 13.8
    55-64 years 372 13.4
    Others 1040 37.4
    Age Group
    Census Count Percent(%)
    Registered Married 1119 55.8
    Not Married 749 37.3
    Defacto Relationship 138 6.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2007 75.1
    Papua New Guinea 56 2.1
    United Kingdom 185 6.9
    United States of America 32 1.2
    Other 89 3.3
    Others 304 11.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 50 1.9
    Christianity 1605 62.5
    Hinduism 27 1.1
    Islam 31 1.2
    No Religion 828 32.2
    Others 28 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 99 10.3
    $2,000-$2,499 81 8.5
    $2,500-$2,999 142 14.8
    $3,000-$3,499 95 9.9
    $4,000 or more 179 18.7
    Others 362 37.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 879 40.2
    Not in the labour force 801 36.6
    Employed, worked part-time 368 16.8
    Employed, away from work 103 4.7
    Unemployed, looking for work 37 1.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 268 19.9
    Professionals 562 41.8
    Technicians & trades workers 83 6.2
    Community & personal service workers 84 6.2
    Clerical & administrative workers 207 15.4
    Others 142 10.5
    Occupation
    Census Count Percent(%)
    Pre-school 33 4.5
    Infants/Primary 238 32.7
    Secondary 233 32.0
    Technical or Further Educational Institution 38 5.2
    University or other Tertiary Institutions 160 22.0
    Others 25 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2153 84.8
    Flat, unit or apartment 294 11.6
    Semi-detached, row or terrace house, townhouse 93 3.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 479 45.8
    Being purchased 296 28.3
    Rented 251 24.0
    Other tenure type 20 1.9
    Tenure Type
Census 2011, ABS
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