Suburb Profile Report for City ACT (2601)

City Unit: Median price $460,000, Annual capital growth 0.76%, Number of sales 84, Weekly median advertised rent $600

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

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

  • Unit Report

Over the last year, property investments in City, 2601 have given investors a capital gain of -10.16%. This compares very badly with the 0.65% for ACT as a whole.

A 14.77% growth in median value for property investors in City,2601 puts this suburb at number 45th in terms of best performing suburbs in ACT

LACK OF BUYER INTEREST may well be the reason that City is offering property investors an average of -3.88. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in ACT

Renters in Suburb are facing rents around $31200 per annum or $600 every week.

Metrics i HOUSE UNIT
N/A $460,000
N/A -2.13%
N/A -10.16%
N/A 0.76%
N/A $600
N/A 84
N/A 6.78%
N/A 108.392857142857

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

DSR Score for property investment : Poor (H), Balanced (U)
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Demographics
Total population 2824
Median household income ($/weekly) 2155
Median age of persons 24
Median housing loan repayment ($/monthly) 2606
Average household size 1.7
  • Census Count Percent(%)
    15-19 years 374 13.2
    20-24 years 1042 36.9
    25-34 years 700 24.8
    35-44 years 237 8.4
    45-54 years 180 6.4
    Others 291 10.3
    Age Group
    Census Count Percent(%)
    Not Married 640 51.4
    Registered Married 360 28.9
    Defacto Relationship 244 19.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1094 43.6
    Croatia 416 16.6
    Malta 131 5.2
    Singapore 99 3.9
    Other 194 7.7
    Others 574 22.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 190 7.9
    Christianity 889 37.0
    Hinduism 74 3.1
    Islam 121 5.0
    No Religion 1097 45.7
    Others 31 1.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 62 8.4
    $1,500-$1,999 102 13.9
    $2,500-$2,999 173 23.5
    $3,000-$3,499 67 9.1
    $4,000 or more 63 8.6
    Others 269 36.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 877 35.5
    Not in the labour force 876 35.4
    Employed, worked part-time 451 18.2
    Unemployed, looking for work 206 8.3
    Employed, away from work 63 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 208 14.9
    Professionals 517 37.1
    Community & personal service workers 183 13.1
    Clerical & administrative workers 215 15.4
    Sales 128 9.2
    Others 142 10.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 16 1.1
    Secondary 13 0.9
    Technical or Further Educational Institution 32 2.2
    University or other Tertiary Institutions 1361 93.4
    Other type of educational institution 23 1.6
    Others 12 0.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1328 99.8
    Semi-detached, row or terrace house, townhouse 3 0.2
    Separate house 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 557 70.0
    Being purchased 152 19.1
    Fully owned 87 10.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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