Suburb Profile Report for Waramanga ACT (2611)

Waramanga House: Median price $655,500, Annual capital growth 3.78%, Number of sales 34, Weekly median advertised rent $505

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

Source: CoreLogic

  • House Report
  • Expert Report

If you compare the increase in value of investment property in Waramanga, 2611 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -2.46%.

Comparing Waramanga,2611 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Waramanga are currently offering property investors an average price cut of -2.37% below the asking price at the moment.

Often selling an investment property can take time, and in Waramanga the average time real estate has been on the market is 66.2 days.

With the median price for a house in Waramanga being $655500 and the advertised rent reaching $505 the gross rental yield for property investors calculates out to be 4.01%

Information supplied by:


November 2017

M
O

W
E
Established in the 1960s and named after the Warumungu people, an Aboriginal tribe in Central Australia, this suburb is home to a relatively small population of around 2,700Full summary

Affordable suburb enhanced by state growth

Postcode: 2611

Median house price: $669,000

Stock on market: 0.0%

12-month growth: 17.3%

Established in the 1960s and named after the Warumungu people, an Aboriginal tribe in Central Australia, this suburb is home to a relatively small population of around 2,700.

Waramanga is one of the more affordable suburbs in the ACT, with a median house price of $677,000, after growth of 18.8% over the last 12 months. Situated 15 minutes’ drive from Canberra, the suburb is close to popular attractions such as the Royal Australian Mint, the National Zoo and Aquarium, the Museum of Australia and the National Library.

Surrounded by numerous nature reserves, such as Cooleman Ridge, Mount Taylor and Oakley Hill, as well as plenty of schools, colleges, churches, a hospital, a medical centre and a popular shopping mall, Waramanga is popular with families, and for those looking to rent, houses are more sought after than apartments.

Close
Metrics i HOUSE UNIT
$655,500 N/A
0.46% N/A
-2.46% N/A
3.78% N/A
$505 N/A
34 N/A
4.01% N/A
66.2 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Waramanga ACT
Demographics
Total population 2596
Median household income ($/weekly) 1681
Median age of persons 39
Median housing loan repayment ($/monthly) 2000
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 309 11.9
    25-34 years 354 13.6
    35-44 years 440 16.9
    45-54 years 300 11.6
    55-64 years 296 11.4
    Others 898 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 941 49.1
    Not Married 792 41.3
    Defacto Relationship 184 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1908 77.5
    Indonesia 29 1.2
    Papua New Guinea 28 1.1
    United Kingdom 135 5.5
    Other 130 5.3
    Others 233 9.5
    Country of Birth
    Census Count Percent(%)
    Christianity 1487 62.8
    Hinduism 26 1.1
    Islam 51 2.2
    Other Religious Groups 20 0.8
    No Religion 759 32.1
    Others 25 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 79 8.2
    $1,500-$1,999 121 12.6
    $2,000-$2,499 91 9.5
    $2,500-$2,999 127 13.3
    $3,000-$3,499 77 8.0
    Others 463 48.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 858 42.6
    Not in the labour force 654 32.4
    Employed, worked part-time 389 19.3
    Employed, away from work 77 3.8
    Unemployed, looking for work 38 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 187 14.1
    Professionals 411 31.0
    Technicians & trades workers 141 10.6
    Community & personal service workers 127 9.6
    Clerical & administrative workers 278 21.0
    Others 182 13.7
    Occupation
    Census Count Percent(%)
    Pre-school 27 4.5
    Infants/Primary 216 36.2
    Secondary 138 23.1
    Technical or Further Educational Institution 65 10.9
    University or other Tertiary Institutions 133 22.3
    Others 18 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2060 84.9
    Semi-detached, row or terrace house, townhouse 312 12.9
    Flat, unit or apartment 55 2.3
    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 374 36.9
    Rented 335 33.1
    Fully owned 304 30.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals