Suburb Profile Report for Weston ACT (2611)

Weston House: Median price $751,000, Annual capital growth 3.91%, Number of sales 54, Weekly median advertised rent $665

Weston Unit: Median price $550,000, Annual capital growth 4.57%, Number of sales 16, Weekly median advertised rent $455

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Weston has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 6.52% to date .

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

Often selling an investment property can take time, and in Weston the average time real estate has been on the market is 50.5 days.

A $665 per week rent on the median house gives suburb investors a gross yield of circa 4.60%, without taking into account capital value appreciation, which has been averaging out at 3.91%.

At number 130th in the list of Australian suburbs ordered by increase in median house value over the last year, Weston, 2611 is in the top 10% with a property value increase of 18.53% recorded in median house prices.

While Weston,2611 ranked number 43th in ACT for increase in median house value (annualised) increase, it is ranked 47th over the last 5 years.

With the median price for a house in Weston being $550000 and the advertised rent reaching $455 the gross rental yield for property investors calculates out to be 4.30%

Metrics i HOUSE UNIT
$751,000 $550,000
0.79% 0.00%
6.52% 18.53%
3.91% 4.57%
$665 $455
54 16
4.60% 4.30%
50.5 N/A

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. 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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