Suburb Profile Report for Weston ACT (2611)

Weston House: Median price $705,000, Annual capital growth 4.88%, Number of sales 55, Weekly median advertised rent $560

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House 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 5.22%

Comparing Weston,2611 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property buyers and investors in Weston 2611 should be seeing an average reduction in asking price of around -3.97% . This means that Weston is holding prices well when compared to other suburbs in ACT.

At number 1526 in a list of fastest selling suburbs, Weston is just in the top half of suburbs in Australia with an average of days on market 72.3571 for properties listed there.

Advertised rents are around the $560 mark per week – giving a return of 4.13% based on the median price in Suburb

Metrics	HOUSE	UNIT
Median price	$705,000	N/A
Quarterly growth	-0.35%	N/A
12-month growth	5.22%	N/A
Average Annual Growth	4.88%	N/A
Weekly median advertised rent	$560	N/A
Number of sales	55	N/A
Gross rental yield	4.13%	N/A
Days on market	72.3571428571429	N/A

Your estimated repayment
$2,727.65/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

DSR Score for property investment : Good (H), Good (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