Suburb Profile Report for Isaacs ACT (2607)

Isaacs House: Median price $863,000, Annual capital growth 2.79%, Number of sales 23, Weekly median advertised rent $650

Isaacs Unit: Median price $721,250, Annual capital growth 12.47%, Number of sales 12, Weekly median advertised rent $550

  • 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.

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  • House Report
  • Unit Report

Over the last year, property investments in Isaacs, 2607 have given investors a capital gain of 1.53%. This compares averagely with the 4.07% for ACT as a whole.

If we look at median property appreciation over just the last three months, Isaacs has given property investors a paper return of -3.58%. This puts Suburb as 85 on a list of fastest fasting appreciating suburbs in ACT

Isaacs is 64th on a list of best yielding suburbs for rents in ACT with a 3.92% return

Renters in Suburb are facing rents around $28600 per annum or $550 every week.

Information supplied by:


April 2019

M
O

W
E

Price correction begins

Postcode: 2607

Median house price: $821,000

Three-year growth: 6.3%

Rental yield: 4.3%

Located in Canberra’s Woden region, Isaacs first came into existence in the 1960s, but residential properties were not established here until the late 1980s. It is surrounded by the suburbs of O’Malley, Mawson and Farrer.

The house market is quite pricey, but correction may be happening as the suburb saw prices fall by 5.8% in the 12 months to January 2019, pulling the median value down to $821,000. Even then, demand is still strong, with houses selling in 45 days on average.

Located around 9km south of the Canberra CBD, Isaacs offers excellent amenities, including a shopping centre, parks and gardens. Walking tracks lead one to Isaacs Ridge, which is including in the Canberra Nature Park network. The abundance of playgrounds in the area makes it an ideal spot for children as well. The quiet streets and surrounding bushland also boost the suburb’s appeal.

Metrics i HOUSE UNIT
$863,000 $721,250
-3.58% N/A
1.53% N/A
2.79% 12.47%
$650 $550
23 12
3.92% 3.97%
41.55 59.6363636363636

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 : Good (H), Above average (U)
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Demographics
Total population 2352
Median household income ($/weekly) 2016
Median age of persons 48
Median housing loan repayment ($/monthly) 2400
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 239 10.2
    35-44 years 244 10.4
    45-54 years 384 16.3
    55-64 years 385 16.4
    65-74 years 283 12.0
    Others 816 34.7
    Age Group
    Census Count Percent(%)
    Registered Married 1108 58.9
    Not Married 676 35.9
    Defacto Relationship 98 5.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1441 63.3
    Indonesia 72 3.2
    Sri Lanka 52 2.3
    United Kingdom 128 5.6
    Other 176 7.7
    Others 409 18.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 77 3.6
    Christianity 1383 64.0
    Hinduism 117 5.4
    Islam 70 3.2
    No Religion 491 22.7
    Others 23 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 100 12.7
    $2,000-$2,499 64 8.1
    $2,500-$2,999 98 12.5
    $3,000-$3,499 75 9.5
    $4,000 or more 117 14.9
    Others 332 42.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 785 39.7
    Not in the labour force 742 37.5
    Employed, worked part-time 324 16.4
    Employed, away from work 79 4.0
    Unemployed, looking for work 47 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 219 18.5
    Professionals 412 34.8
    Community & personal service workers 84 7.1
    Clerical & administrative workers 239 20.2
    Sales 88 7.4
    Others 142 12.0
    Occupation
    Census Count Percent(%)
    Pre-school 21 3.6
    Infants/Primary 151 26.0
    Secondary 177 30.5
    Technical or Further Educational Institution 52 9.0
    University or other Tertiary Institutions 160 27.5
    Others 20 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2009 90.2
    Semi-detached, row or terrace house, townhouse 132 5.9
    Flat, unit or apartment 87 3.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 448 52.1
    Being purchased 234 27.2
    Rented 178 20.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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