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.

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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	HOUSE	UNIT
Median price	$599,000	N/A
Quarterly growth	-3.23%	N/A
12-month growth	-3.39%	N/A
Average Annual Growth	3.67%	N/A
Weekly median advertised rent	$500	N/A
Number of sales	36	N/A
Gross rental yield	4.34%	N/A
Days on market	50.714287	N/A

Your estimated repayment
$2,422.18/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.59% interest rate.

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