Suburb Profile Report for Rivett ACT (2611)

Rivett House: Median price $619,000, Annual capital growth 3.94%, Number of sales 57, Weekly median advertised rent $510

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: CoreLogic What is the right investment loan for you? Find out now

House Report

Investment property in Rivett 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 9.56%

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

LACK OF BUYER INTEREST may well be the reason that Rivett is offering property investors an average of -3.62. This rate of discount on properties puts Suburb at number 40th in terms of most discounted suburbs in ACT

In the last year 57 properties changed hands in Rivett, which puts it as the 23th most active market in ACT when comparing the number of sales per suburb.

With the median price for a house in Rivett being $619000 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 4.28%

Metrics	HOUSE	UNIT
Median price	$619,000	N/A
Quarterly growth	-0.48%	N/A
12-month growth	9.56%	N/A
Average Annual Growth	3.94%	N/A
Weekly median advertised rent	$510	N/A
Number of sales	57	N/A
Gross rental yield	4.28%	N/A
Days on market	40.95	N/A

Source: CoreLogic

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