Suburb Profile Report for Deakin ACT (2600)

Deakin House: Median price $1,265,000, Annual capital growth 5.38%, Number of sales 45, Weekly median advertised rent $785

Deakin Unit: Median price $777,500, Annual capital growth 1.63%, Number of sales 12, Weekly median advertised rent $650

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

With a capital gain of 2.22% for the last 12 months, Deakin, 2600 has performed for property investments than its average annual 5.38% property growth over the last 5 years.

Deakin,2600 has offered an average of 2.22% return per annum in house price rises to property investors over the last three years.

On average over the past year, suburb has had 3.75 sales per month, which equates to 45 per year.

Deakin is 84th on a list of best yielding suburbs for rents in ACT with a 3.23% return

If you compare the increase in value of investment property in Deakin, 2600 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 6.51%.

Over the longer term, Deakin has seen property prices show investors a -0.96% return over the last 3 years. This is an improvement over the last 12 months

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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
$1,265,000 $777,500
0.00% 14.76%
2.22% 6.51%
5.38% 1.63%
$785 $650
45 12
3.23% 4.35%
66.88 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), Above average (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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