Suburb Profile Report for Hackett ACT (2602)

Hackett House: Median price $918,000, Annual capital growth 4.59%, Number of sales 44, Weekly median advertised rent $630

Hackett Unit: Median price $291,500, Annual capital growth 1.42%, Number of sales 10, Weekly median advertised rent $360

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

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

  • House Report
  • Unit Report

Hackett is in the TOP 20% in ACT when comparing median price capital growth over the last year. Hackett gave property investors a very good capital gain figure when compared to the rest of the state, with 9.29%.

The five-year average increase in median property values for Hackett,2602 has given property investors a potential capital gain of 37.01% across each of those five years.

A $630 per week rent on the median house gives suburb investors a gross yield of circa 3.57%, without taking into account capital value appreciation, which has been averaging out at 4.59%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hackett has fallen somewhat when compared to the 5 year average annual rate.

Using the current median advertised rental of $360 and the average annual increase in value of a median property of 1.42%, investors should hope to achieve an overall return of 6.42%

Metrics i HOUSE UNIT
$918,000 $291,500
-2.65% 4.86%
9.29% N/A
4.59% 1.42%
$630 $360
44 10
3.57% 6.42%
52.4736842105263 N/A

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

DSR Score for property investment : Good (H), Above average (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
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 449 39.2
    Being purchased 394 34.4
    Rented 301 26.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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