Suburb Profile Report for Weston ACT (2611)

Weston House: Median price $670,000, Annual capital growth 3.94%, Number of sales 48, Weekly median advertised rent $550

Weston Unit: Median price $560,000, Annual capital growth 14.92%, Number of sales 15, Weekly median advertised rent $440

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

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

  • House Report
  • Unit Report

ACT has seen average median house prices change by 4.34% which means that Weston, 2611 has done well for property investors by showing a capital gain of -0.74% over the last year

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

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Weston, 2611. Typically our figures indicate that -1.45% is being offered, which puts this ACT suburb at 3000th most discounted overall in Australia.

At number 2654 in a list of fastest selling suburbs, Weston is in the bottom 30% of suburbs in Australia with an average of days on market 86.8286 for properties listed there.

Weston, 2611’s gross rental yield is 4.27%

Weston has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 23.62% to date .

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

With the median price for a house in Weston being $560000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.09%

Metrics i HOUSE UNIT
$670,000 $560,000
-5.43% 11.55%
-0.74% 23.62%
3.94% 14.92%
$550 $440
48 15
4.27% 4.09%
86.828575 N/A

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

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
Chart Table