Suburb Profile Report for Yarralumla ACT (2600)

Yarralumla House: Median price $1,450,000, Annual capital growth 5.12%, Number of sales 39, Weekly median advertised rent $850

Yarralumla Unit: Median price $922,500, Annual capital growth 4.04%, Number of sales 18, Weekly median advertised rent $695

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Over the last year, property investments in Yarralumla, 2600 have given investors a capital gain of -7.94%. This compares very badly with the 4.21% for ACT as a whole.

While Yarralumla,2600 ranked number 23th in ACT for increase in median house value (annualised) increase, it is ranked 32th over the last 5 years.

Yarralumla is 84th on a list of best yielding suburbs for rents in ACT with a 3.05% return

Investment property in Yarralumla has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.17%

Taking the average capital gain, or increase in median house value, Yarralumla,2600 has racked up an average of 14.17% over the period. This ranks it number 690th in the whole country for real estate investors looking at median house price increases.

With the median price for a house in Yarralumla being $922500 and the advertised rent reaching $695 the gross rental yield for property investors calculates out to be 3.92%

Information supplied by:

YIP MAG
July 2015

M
O

W
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Located just 4km from the Canberra CBD, Yarralumla is a beautiful suburb that is considered to be the most desirable place to live, thanks to its proximity to Lake Burley Griffin and many excellent cafés.

Its tree-lined streets are particularly breath-taking during autumn, when the leaves change their colour.

The neighbourhood is quiet and there are plenty of green spaces, making it attractive to families.

While houses in the suburb continue to skyrocket, units have fallen behind.

During the past 12 months, median unit values dropped by 5.8% to $774,000.

While the overall outlook for the unit market in Canberra remains subdued, it’s worth watching this suburb for buying opportunities.

Stick with properties along Maxwell Street, which is surrounded by greenery and only a short distance from the Parliament House.

Other desirable streets include Abbott Street, Hopetoun Circuit Exit.

Metrics	HOUSE	UNIT
Median price	$1,450,000	$922,500
Quarterly growth	2.47%	0.00%
12-month growth	-7.94%	14.17%
Average Annual Growth	5.12%	4.04%
Weekly median advertised rent	$850	$695
Number of sales	39	18
Gross rental yield	3.05%	3.92%
Days on market	74.6428571428571	81.1538461538462

DSR Score for property investment : Good (H), Balanced (U)

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Demographics

Total population	2921
Median household income ($/weekly)	2580
Median age of persons	47
Median housing loan repayment ($/monthly)	2442
Average household size	2.4

Census	Count	Percent(%)
5-14 years	323	11.1
35-44 years	319	10.9
45-54 years	451	15.5
55-64 years	528	18.1
65-74 years	305	10.4
Others	993	34.0

Age Group

Census	Count	Percent(%)
Registered Married	1215	54.0
Not Married	879	39.0
Defacto Relationship	157	7.0

Social Marital Status

Census	Count	Percent(%)
Australia	2110	75.0
Indonesia	41	1.5
Papua New Guinea	48	1.7
United Kingdom	227	8.1
Other	108	3.8
Others	279	9.9

Country of Birth

Census	Count	Percent(%)
Buddhism	36	1.3
Christianity	1646	61.0
Hinduism	25	0.9
Islam	32	1.2
No Religion	929	34.4
Others	29	1.1

Religious Affiliation

Census	Count	Percent(%)
$1,500-$1,999	111	10.8
$2,000-$2,499	78	7.6
$2,500-$2,999	166	16.1
$3,000-$3,499	104	10.1
$4,000 or more	193	18.7
Others	378	36.7

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	940	39.1
Not in the labour force	849	35.3
Employed, worked part-time	479	19.9
Employed, away from work	84	3.5
Unemployed, looking for work	51	2.1

Person Characteristics

Census	Count	Percent(%)
Managers	308	20.4
Professionals	622	41.3
Technicians & trades workers	87	5.8
Community & personal service workers	100	6.6
Clerical & administrative workers	212	14.1
Others	178	11.8

Occupation

Census	Count	Percent(%)
Pre-school	38	5.3
Infants/Primary	209	29.2
Secondary	196	27.4
Technical or Further Educational Institution	39	5.4
University or other Tertiary Institutions	212	29.6
Others	22	3.1

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	2150	78.9
Semi-detached, row or terrace house, townhouse	534	19.6
Flat, unit or apartment	42	1.5
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0