Suburb Profile Report for Yarralumla ACT (2600)

Yarralumla House: Median price $1,560,000, Annual capital growth 6.45%, Number of sales 53, Weekly median advertised rent $1,000

Yarralumla Unit: Median price $730,000, Annual capital growth 2.04%, Number of sales 15, Weekly median advertised rent $500

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.

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With a capital gain of 13.45% for the last 12 months, Yarralumla, 2600 has performed for property investments than its average annual 6.45% property growth over the last 5 years.

Yarralumla,2600 was ranked 1235 in Australia by increase in median property value over the quarter.

Yarralumla is in the bottom 10% in ACT when comparing median price capital growth over the last year. Yarralumla gave property investors a dismal capital gain figure when compared to the rest of the state, with -21.51%.

When looking at the potential capital gains offered to property investors over the last 3 years, Yarralumla comes in at number 37th in ACT.

Residents and property investors in Yarralumla have been waiting around 68.8 days to sell a property.

Yarralumla is 57th on a list of best yielding suburbs for rents in ACT with a 3.56% return

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	$1,560,000	$730,000
Quarterly growth	0.81%	6.41%
12-month growth	13.45%	-21.51%
Average Annual Growth	6.45%	2.04%
Weekly median advertised rent	$1,000	$500
Number of sales	53	15
Gross rental yield	3.33%	3.56%
Days on market	59.7894736842105	68.8

Your estimated repayment
$6,035.66/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Above average (H), Above average (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