Suburb Profile Report for Rivett ACT (2611)

Rivett House: Median price $599,000, Annual capital growth 3.67%, Number of sales 36, Weekly median advertised rent $500

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

If you compare the increase in value of investment property in Rivett, 2611 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -3.39%.

The five-year average increase in median property values for Rivett,2611 has given property investors a potential capital gain of 28.68% across each of those five years.

At number 680 in a list of fastest selling suburbs, Rivett is in the TOP 20% of suburbs in Australia with an average of days on market 50.7143 for properties listed there.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 3.67%, investors should hope to achieve an overall return of 4.34%

Metrics i HOUSE UNIT
$599,000 N/A
-3.23% N/A
-3.39% N/A
3.67% N/A
$500 N/A
36 N/A
4.34% N/A
50.714287 N/A

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 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 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
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 477 39.8
    Fully owned 402 33.6
    Rented 309 25.8
    Other tenure type 10 0.8
    Tenure Type
Census 2011, ABS
Chart Table