Suburb Profile Report for Flynn ACT (2615)

Flynn House: Median price $580,000, Annual capital growth 3.56%, Number of sales 51, Weekly median advertised rent $590

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

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

  • Expert Report
  • House Report

Investment property in Flynn has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.01%

Comparing Flynn,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Flynn, 2615 is offering ACT ‘s 27th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this ACT.

Flynn is 3rd on a list of best yielding suburbs for rents in ACT with a 5.29% return

Information supplied by:


March 2019

M
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W
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Canberra suburb has growth potential

Postcode: 2615

Median house price: $605,000

Three-year growth: 13.9%

Rental yield: 4.7%

The suburb of Flynn provides residents with a great deal of open space to enjoy, with large properties on tree-lined streets. Many parks and gardens flourish here, making this a great suburb for the nature lover.

It is just 12km northwest of Canberra, and while Flynn does not have many amenities within its area, its central location near Belconnen means that residents can easily travel to the city for their needs. For instance, nearby Melba and Fraser offer schooling options and sports facilities.

House prices are high in line with Canberra’s overall market position. The suburb has maintained a 4.1% average annual growth rate, with the recent price increase of 4.3% over the December 2017-2018 period bringing the median value to over $600,000. Even then, the average discount rate is low at 3.8%.

Metrics i HOUSE UNIT
$580,000 N/A
-3.33% N/A
-3.01% N/A
3.56% N/A
$590 N/A
51 N/A
5.29% N/A
63.0588235294118 N/A

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

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 3555
Median household income ($/weekly) 2149
Median age of persons 38
Median housing loan repayment ($/monthly) 1950
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 500 14.1
    25-34 years 441 12.4
    35-44 years 541 15.2
    45-54 years 497 14.0
    55-64 years 522 14.7
    Others 1055 29.7
    Age Group
    Census Count Percent(%)
    Registered Married 1418 56.1
    Not Married 876 34.6
    Defacto Relationship 235 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2676 81.5
    Croatia 27 0.8
    Papua New Guinea 33 1.0
    United Kingdom 135 4.1
    Other 128 3.9
    Others 284 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 36 1.1
    Christianity 2031 64.4
    Hinduism 30 1.0
    Islam 19 0.6
    No Religion 1021 32.4
    Others 15 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 139 13.2
    $2,000-$2,499 140 13.3
    $2,500-$2,999 136 13.0
    $3,000-$3,499 127 12.1
    $4,000 or more 98 9.3
    Others 410 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1240 47.1
    Not in the labour force 702 26.7
    Employed, worked part-time 527 20.0
    Employed, away from work 113 4.3
    Unemployed, looking for work 52 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 294 15.7
    Professionals 454 24.2
    Technicians & trades workers 225 12.0
    Community & personal service workers 171 9.1
    Clerical & administrative workers 403 21.5
    Others 327 17.4
    Occupation
    Census Count Percent(%)
    Pre-school 46 5.1
    Infants/Primary 320 35.5
    Secondary 253 28.0
    Technical or Further Educational Institution 91 10.1
    University or other Tertiary Institutions 171 19.0
    Others 21 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3167 98.6
    Semi-detached, row or terrace house, townhouse 30 0.9
    Flat, unit or apartment 16 0.5
    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 544 48.1
    Fully owned 411 36.3
    Rented 176 15.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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