Suburb Profile Report for Pearce ACT (2607)

Pearce House: Median price $900,000, Annual capital growth 5.00%, Number of sales 31, Weekly median advertised rent $590

Pearce Unit: Median price $576,000, Annual capital growth 5.00%, Number of sales 26, Weekly median advertised rent $440

  • 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

At number 604th in the list of Australian suburbs ordered by increase in median house value over the last year, Pearce, 2607 is in the top 20% with a property value increase of 10.57% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Pearce,2607 has racked up an average of 10.57% over the period. This ranks it number 1623th in the whole country for real estate investors looking at median house price increases.

On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.

Pearce, 2607’s gross rental yield is 3.41%

Pearce is in the TOP 10% in ACT when comparing median price capital growth over the last year. Pearce gave property investors a very good capital gain figure when compared to the rest of the state, with 21.90%.

Taking the average capital gain, or increase in median house value, Pearce,2607 has racked up an average of 21.90% over the period. This ranks it number 333th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Pearce is giving property investors an average Vendor Discount of around -2.90%. This puts suburb at number 31th in ACT when ranking the most discounted suburbs.

Advertised rents are around the $440 mark per week – giving a return of 3.97% based on the median price in Suburb

Metrics i HOUSE UNIT
$900,000 $576,000
16.88% 8.17%
10.57% 21.90%
5.00% 5.00%
$590 $440
31 26
3.41% 3.97%
119.388888888889 85.421052631579

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 : Above average (H), Good (U)
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Demographics
Total population 2544
Median household income ($/weekly) 1816
Median age of persons 41
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 319 12.5
    25-34 years 274 10.8
    35-44 years 370 14.5
    45-54 years 339 13.3
    55-64 years 305 12.0
    Others 936 36.8
    Age Group
    Census Count Percent(%)
    Registered Married 959 49.7
    Not Married 795 41.2
    Defacto Relationship 176 9.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 1829 74.2
    Indonesia 47 1.9
    Papua New Guinea 44 1.8
    United Kingdom 139 5.6
    Other 128 5.2
    Others 278 11.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 22 0.9
    Christianity 1565 67.0
    Hinduism 54 2.3
    Islam 28 1.2
    No Religion 649 27.8
    Others 19 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 77 8.3
    $1,500-$1,999 112 12.0
    $2,500-$2,999 120 12.9
    $3,000-$3,499 92 9.9
    $4,000 or more 93 10.0
    Others 436 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 859 42.1
    Not in the labour force 694 34.0
    Employed, worked part-time 362 17.8
    Employed, away from work 93 4.6
    Unemployed, looking for work 31 1.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 240 18.2
    Professionals 419 31.8
    Technicians & trades workers 119 9.0
    Community & personal service workers 120 9.1
    Clerical & administrative workers 242 18.4
    Others 176 13.4
    Occupation
    Census Count Percent(%)
    Pre-school 17 2.5
    Infants/Primary 214 32.1
    Secondary 195 29.2
    Technical or Further Educational Institution 76 11.4
    University or other Tertiary Institutions 150 22.5
    Others 15 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1804 75.5
    Semi-detached, row or terrace house, townhouse 471 19.7
    Flat, unit or apartment 113 4.7
    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 411 41.0
    Being purchased 304 30.3
    Rented 287 28.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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