Suburb Profile Report for Rivett ACT (2611)

Rivett House: Median price $642,000, Annual capital growth 2.61%, Number of sales 54, Weekly median advertised rent $570

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

At number 2995th in the list of Australian suburbs ordered by increase in median house value over the last year, Rivett, 2611 is in the BOTTOM 30% with a property value increase of 1.10% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Rivett comes in at number 52th in ACT.

At number 2219 in a list of fastest selling suburbs, Rivett is in the bottom 40% of suburbs in Australia with an average of days on market 77.2222 for properties listed there.

Rivett is 8th on a list of best yielding suburbs for rents in ACT with a 4.62% return

Metrics	HOUSE	UNIT
Median price	$642,000	N/A
Quarterly growth	1.90%	N/A
12-month growth	1.10%	N/A
Average Annual Growth	2.61%	N/A
Weekly median advertised rent	$570	N/A
Number of sales	54	N/A
Gross rental yield	4.62%	N/A
Days on market	77.2222222222222	N/A

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

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Demographics

Total population	3120
Median household income ($/weekly)	1690
Median age of persons	38
Median housing loan repayment ($/monthly)	2000
Average household size	2.5

Census	Count	Percent(%)
5-14 years	355	11.4
25-34 years	436	14.0
35-44 years	508	16.3
45-54 years	403	12.9
55-64 years	400	12.8
Others	1018	32.6

Age Group

Census	Count	Percent(%)
Registered Married	1142	49.7
Not Married	926	40.3
Defacto Relationship	230	10.0

Social Marital Status

Census	Count	Percent(%)
Australia	2352	78.5
Greece	44	1.5
Papua New Guinea	39	1.3
United Kingdom	189	6.3
Other	119	4.0
Others	255	8.5

Country of Birth

Census	Count	Percent(%)
Buddhism	55	2.0
Christianity	1689	60.5
Islam	19	0.7
Other Religious Groups	25	0.9
No Religion	978	35.1
Others	24	0.9

Religious Affiliation

Census	Count	Percent(%)
$1,000-$1,249	93	8.3
$1,500-$1,999	140	12.6
$2,000-$2,499	137	12.3
$2,500-$2,999	128	11.5
$3,000-$3,499	108	9.7
Others	508	45.6

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1009	42.0
Not in the labour force	744	31.0
Employed, worked part-time	468	19.5
Employed, away from work	124	5.2
Unemployed, looking for work	58	2.4

Person Characteristics

Census	Count	Percent(%)
Managers	241	15.1
Professionals	439	27.4
Technicians & trades workers	164	10.3
Community & personal service workers	163	10.2
Clerical & administrative workers	316	19.8
Others	277	17.3

Occupation

Census	Count	Percent(%)
Pre-school	48	6.9
Infants/Primary	234	33.9
Secondary	154	22.3
Technical or Further Educational Institution	73	10.6
University or other Tertiary Institutions	160	23.2
Others	22	3.2

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	2703	91.4
Semi-detached, row or terrace house, townhouse	230	7.8
Flat, unit or apartment	21	0.7
Improvised home, tent, sleepers out	3	0.1
Caravan, cabin, houseboat	0	0.0
Others	0	0.0