Suburb Profile Report for Weston ACT (2611)

Weston House: Median price $710,000, Annual capital growth 4.36%, Number of sales 55, Weekly median advertised rent $550

Weston Unit: Median price $478,000, Annual capital growth 14.48%, Number of sales 11, Weekly median advertised rent $455

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

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

  • House Report
  • Unit Report

Property investors who have had real estate in Weston, 2611 should be relatively 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 5.65%

If we look at median property appreciation over just the last three months, Weston has given property investors a paper return of 5.65%. This puts Suburb as 11 on a list of fastest fasting appreciating suburbs in ACT

LACK OF BUYER INTEREST may well be the reason that Weston is offering property investors an average of -4.08. This rate of discount on properties puts Suburb at number 16th in terms of most discounted suburbs in ACT

Residents and property investors in Weston have been waiting around 68.5366 days to sell a property.

Using the current median advertised rental of $550 and the average annual increase in value of a median property of 4.36%, investors should hope to achieve an overall return of 4.03%

At number 300th in the list of Australian suburbs ordered by increase in median house value over the last year, Weston, 2611 is in the top 20% with a property value increase of 5.75% recorded in median house prices.

While Weston,2611 ranked number 57th in ACT for increase in median house value (annualised) increase, it is ranked 34th over the last 5 years.

Weston is 53th on a list of best yielding suburbs for rents in ACT with a 4.95% return

Metrics i HOUSE UNIT
$710,000 $478,000
5.65% -14.64%
5.65% 5.75%
4.36% 14.48%
$550 $455
55 11
4.03% 4.95%
68.5365853658537 N/A

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

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 3254
Median household income ($/weekly) 1777
Median age of persons 43
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    25-34 years 363 11.2
    35-44 years 493 15.1
    45-54 years 391 12.0
    55-64 years 394 12.1
    65-74 years 388 11.9
    Others 1226 37.7
    Age Group
    Census Count Percent(%)
    Registered Married 1202 51.6
    Not Married 885 38.0
    Defacto Relationship 242 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2430 77.7
    Croatia 31 1.0
    Greece 36 1.2
    United Kingdom 207 6.6
    Other 153 4.9
    Others 272 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 43 1.4
    Christianity 1848 62.2
    Islam 44 1.5
    Other Religious Groups 24 0.8
    No Religion 991 33.3
    Others 23 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 162 14.2
    $2,000-$2,499 94 8.2
    $2,500-$2,999 144 12.6
    $3,000-$3,499 107 9.4
    $4,000 or more 100 8.7
    Others 537 46.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1004 39.3
    Not in the labour force 918 35.9
    Employed, worked part-time 477 18.7
    Employed, away from work 110 4.3
    Unemployed, looking for work 46 1.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 279 17.6
    Professionals 533 33.6
    Technicians & trades workers 141 8.9
    Community & personal service workers 135 8.5
    Clerical & administrative workers 294 18.5
    Others 205 12.9
    Occupation
    Census Count Percent(%)
    Pre-school 61 9.0
    Infants/Primary 219 32.2
    Secondary 170 25.0
    Technical or Further Educational Institution 64 9.4
    University or other Tertiary Institutions 154 22.6
    Others 13 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2455 84.1
    Semi-detached, row or terrace house, townhouse 316 10.8
    Flat, unit or apartment 144 4.9
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 475 38.5
    Being purchased 425 34.4
    Rented 315 25.5
    Other tenure type 19 1.5
    Tenure Type
Census 2011, ABS
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