Suburb Profile Report for Yarralumla ACT (2600)

Yarralumla House: Median price $1,395,000, Annual capital growth 4.19%, Number of sales 42, Weekly median advertised rent $950

Yarralumla Unit: Median price $1,020,000, Annual capital growth 6.37%, Number of sales 24, Weekly median advertised rent $475

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic

House Report
Unit Report
Expert Report

Property value increases in Yarralumla have tracked lower than the ACT average of 5.96% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Yarralumla comes in at number 43th in ACT.

Residents and property investors in Yarralumla have been waiting around 54.6 days to sell a property.

The ACT suburb of Yarralumla, 2600 is in the Unincorporated ACT local government area.

Yarralumla has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 17.24% to date .

A -1.45% growth in median value for property investors in Yarralumla,2600 puts this suburb at number 27th in terms of best performing suburbs in ACT

The most recent median price for Yarralumla is $1020000, with sellers offering an average of -7.83% off the asking price.

On average over the past year, suburb has had 2.00 sales per month, which equates to 24 per year.

The ACT suburb of Yarralumla, 2600 is in the Unincorporated ACT local government area.

Information supplied by:

YIP MAG
July 2015

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O

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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.Full summary 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.
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Metrics	HOUSE	UNIT
Median price	$1,395,000	$1,020,000
Quarterly growth	-3.46%	0.99%
12-month growth	-10.00%	17.24%
Average Annual Growth	4.19%	6.37%
Weekly median advertised rent	$950	$475
Number of sales	42	24
Gross rental yield	3.54%	2.42%
Days on market	54.6	131.46

Source: CoreLogic

DSR Score for property investment : Good (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