Suburb Profile Report for Weston ACT (2611)

Weston House: Median price $742,000, Annual capital growth 5.12%, Number of sales 31, Weekly median advertised rent $550

Weston Unit: Median price $495,000, Annual capital growth 1.12%, Number of sales 24, Weekly median advertised rent $420

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

Weston is in the bottom 40% in ACT when comparing median price capital growth over the last year. Weston gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.64%.

The five-year average increase in median property values for Weston,2611 has given property investors a potential capital gain of 44.08% across each of those five years.

Weston2611 is located in ACT which offers an average discount of -3.57% to property investors. Weston itself is showing figures that indicate -1.68% is the average achievable by property buyers investing in the suburb.

In the last year 31 properties changed hands in Weston, which puts it as the 61th most active market in ACT when comparing the number of sales per suburb.

With the median price for a house in Weston being $742000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.85%

Weston is in the bottom 10% in ACT when comparing median price capital growth over the last year. Weston gave property investors a dismal capital gain figure when compared to the rest of the state, with -15.38%.

Across a shorter period, Weston, 2611 has seen a median price increase of -14.66% over the last quarter.

Weston, 2611’s gross rental yield is 4.41%

Metrics i HOUSE UNIT
$742,000 $495,000
0.27% -14.66%
1.64% -15.38%
5.12% 1.12%
$550 $420
31 24
3.85% 4.41%
68 N/A

Source: CoreLogic

DSR Score for property investment : 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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