Suburb Profile Report for Hackett ACT (2602)

Hackett House: Median price $830,000, Annual capital growth 5.20%, Number of sales 36, Weekly median advertised rent $650

Hackett Unit: Median price $415,000, Annual capital growth 19.75%, Number of sales 12, Weekly median advertised rent $320

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic

House Report
Unit Report

Property investors who have had real estate in Hackett, 2602 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.61%

While Hackett,2602 ranked number 21th in ACT for increase in median house value (annualised) increase, it is ranked 18th over the last 5 years.

Renters in Suburb are facing rents around $7800 per annum or $650 every week.

A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 19.75%.

Metrics	HOUSE	UNIT
Median price	$830,000	$415,000
Quarterly growth	2.41%	15.28%
12-month growth	0.61%	N/A
Average Annual Growth	5.20%	19.75%
Weekly median advertised rent	$650	$320
Number of sales	36	12
Gross rental yield	4.07%	4.01%
Days on market	N/A	N/A

Source: CoreLogic

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

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Demographics

Total population	2914
Median household income ($/weekly)	1789
Median age of persons	39
Median housing loan repayment ($/monthly)	2167
Average household size	2.5

Census	Count	Percent(%)
5-14 years	337	11.6
25-34 years	369	12.7
35-44 years	477	16.4
45-54 years	407	14.0
55-64 years	305	10.5
Others	1020	35.0

Age Group

Census	Count	Percent(%)
Registered Married	1007	46.0
Not Married	894	40.9
Defacto Relationship	287	13.1

Social Marital Status

Census	Count	Percent(%)
Australia	2217	78.0
Croatia	31	1.1
Papua New Guinea	44	1.5
United Kingdom	136	4.8
Other	145	5.1
Others	268	9.4

Country of Birth

Census	Count	Percent(%)
Buddhism	58	2.2
Christianity	1380	51.7
Hinduism	18	0.7
Islam	37	1.4
No Religion	1151	43.1
Others	25	0.9

Religious Affiliation

Census	Count	Percent(%)
$1,250-$1,499	83	8.0
$1,500-$1,999	132	12.7
$2,500-$2,999	116	11.2
$3,000-$3,499	94	9.1
$4,000 or more	126	12.1
Others	487	46.9

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	960	41.6
Not in the labour force	748	32.4
Employed, worked part-time	432	18.7
Employed, away from work	111	4.8
Unemployed, looking for work	57	2.5

Person Characteristics

Census	Count	Percent(%)
Managers	257	17.1
Professionals	625	41.5
Technicians & trades workers	119	7.9
Community & personal service workers	102	6.8
Clerical & administrative workers	225	15.0
Others	177	11.8

Occupation

Census	Count	Percent(%)
Pre-school	61	8.2
Infants/Primary	231	31.1
Secondary	163	22.0
Technical or Further Educational Institution	60	8.1
University or other Tertiary Institutions	220	29.6
Others	7	0.9

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	2297	82.5
Semi-detached, row or terrace house, townhouse	256	9.2
Flat, unit or apartment	227	8.2
House or flat attached to a shop, office	3	0.1
Caravan, cabin, houseboat	0	0.0
Others	0	0.0