Suburb Profile Report for Pearce ACT (2607)

Pearce House: Median price $1,125,000, Annual capital growth 6.14%, Number of sales 37, Weekly median advertised rent $638

Pearce Unit: Median price $650,000, Annual capital growth 4.94%, Number of sales 29, Weekly median advertised rent $520

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

Property investors who have had real estate in Pearce, 2607 should be 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 25.00%

Across a shorter period, Pearce, 2607 has seen a median price increase of 3.14% over the last quarter.

Pearce, 2607’s gross rental yield is 2.95%

Investment property in Pearce has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.07%

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

Using the current median advertised rental of $520 and the average annual increase in value of a median property of 4.94%, investors should hope to achieve an overall return of 4.16%

Metrics	HOUSE	UNIT
Median price	$1,125,000	$650,000
Quarterly growth	3.14%	-1.96%
12-month growth	25.00%	12.07%
Average Annual Growth	6.14%	4.94%
Weekly median advertised rent	$638	$520
Number of sales	37	29
Gross rental yield	2.95%	4.16%
Days on market	N/A	40.4285714285714

DSR Score for property investment : Above average (U), Very good (H)

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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