Suburb Profile Report for Chifley ACT (2606)

Chifley House: Median price $785,000, Annual capital growth 4.81%, Number of sales 39, Weekly median advertised rent $570

Chifley Unit: Median price $302,750, Annual capital growth 3.04%, Number of sales 20, Weekly median advertised rent $350

  • 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 Chifley, 2606 should be relatively pleased 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 9.62%

Chifley,2606 was ranked 3782 in Australia by increase in median property value over the quarter.

Property buyers and investors in Chifley 2606 should be seeing an average reduction in asking price of around -2.38% . This means that Chifley is holding prices well when compared to other suburbs in ACT.

A $560 per week rent on the median house gives suburb investors a gross yield of circa 3.65%, without taking into account capital value appreciation, which has been averaging out at 5.45%.

Over the last year, property investments in Chifley, 2606 have given investors a capital gain of -22.21%. This compares very badly with the 1.77% for ACT as a whole.

Over the longer term, Chifley has seen property prices show investors a -42.53% return over the last 3 years. This is an improvement over the last 12 months

Vendor discounting in Chifley is giving property investors an average Vendor Discount of around -4.73%. This puts suburb at number 8th in ACT when ranking the most discounted suburbs.

On average over the past year, suburb has had 1.58 sales per month, which equates to 19 per year.

Chifley, 2606’s gross rental yield is 6.22%

Metrics i HOUSE UNIT
$785,000 $302,750
-4.56% -7.84%
6.66% -19.48%
4.81% 3.04%
$570 $350
39 20
3.78% 6.01%
58.08 61

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Chifley ACT
Demographics
Total population 2489
Median household income ($/weekly) 1633
Median age of persons 36
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 285 11.5
    25-34 years 411 16.5
    35-44 years 401 16.1
    45-54 years 318 12.8
    55-64 years 221 8.9
    Others 853 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 878 46.9
    Not Married 828 44.2
    Defacto Relationship 168 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1701 70.6
    Croatia 32 1.3
    Indonesia 117 4.9
    United Kingdom 113 4.7
    Other 133 5.5
    Others 312 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 57 2.5
    Christianity 1326 57.1
    Hinduism 72 3.1
    Islam 73 3.1
    No Religion 739 31.8
    Others 54 2.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 86 9.4
    $1,500-$1,999 123 13.4
    $2,000-$2,499 79 8.6
    $2,500-$2,999 101 11.0
    $4,000 or more 82 8.9
    Others 448 48.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 874 45.1
    Not in the labour force 584 30.1
    Employed, worked part-time 358 18.5
    Employed, away from work 85 4.4
    Unemployed, looking for work 36 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 188 14.3
    Professionals 438 33.2
    Technicians & trades workers 136 10.3
    Community & personal service workers 104 7.9
    Clerical & administrative workers 249 18.9
    Others 204 15.5
    Occupation
    Census Count Percent(%)
    Pre-school 57 9.2
    Infants/Primary 207 33.5
    Secondary 122 19.8
    Technical or Further Educational Institution 72 11.7
    University or other Tertiary Institutions 139 22.5
    Others 20 3.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1934 81.1
    Flat, unit or apartment 350 14.7
    Semi-detached, row or terrace house, townhouse 102 4.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 366 37.4
    Fully owned 312 31.9
    Being purchased 297 30.4
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals