Suburb Profile Report for Braddon ACT (2612)

Braddon House: Median price $1,171,300, Annual capital growth -1.55%, Number of sales 25, Weekly median advertised rent $600

Braddon Unit: Median price $425,000, Annual capital growth 0.95%, Number of sales 141, Weekly median advertised rent $490

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

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

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Braddon is in the TOP 10% in ACT when comparing median price capital growth over the last year. Braddon gave property investors a very good capital gain figure when compared to the rest of the state, with 39.78%.

Using the current median advertised rental of $600 and the average annual increase in value of a median property of -1.55%, investors should hope to achieve an overall return of 2.66%

Property value increases in Braddon have tracked lower than the ACT average of 4.05% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Braddon comes in at number 39th in ACT.

Our latest figures would indicate that property sellers in Braddon are currently offering property investors an average price cut of -4.40% below the asking price at the moment.

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The Braddon unit market is worth checking out thanks to its level of affordability. Its median unit price may not be the cheapest in the country, but it compares extremely well with neighbouring Turner, and particularly Ainslie.  

Sitting right on top of Limestone and Northbourne Avenues, it’s certainly an accessible inner-northern suburb that’s characterised by long streets heading north to south towards London Circuit and Vernon Circle. Most of the suburb’s shops and amenities can be found south of Haig Park on Mort and Lonsdale Streets, as well as a few office blocks.

Looking at the listings for Braddon, offerings range from investment-only studios for around the $130,000-mark up to fully renovated three-bedroom apartments for closer to $600,000. With the sprawling Australian National University being just a stone’s throw away, your choice of property will most likely need to appeal to either the student or young professional market.

Renters made up half of the suburb’s population at last count in 2006, and the area’s vacancy rate has consistently been below 2% over the past five years, according to SQM Research. Looking at the ABS statistics for the Braddon SLA, if its population growth rate of 9.1% over four years is anything to go by, Braddon’s rental market should remain strong for some time.

Metrics i HOUSE UNIT
$1,171,300 $425,000
13.04% -1.74%
39.78% -6.11%
-1.55% 0.95%
$600 $490
25 141
3.43% 6.03%
44.76923 68.849464

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

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 4556
Median household income ($/weekly) 1679
Median age of persons 28
Median housing loan repayment ($/monthly) 2167
Average household size 1.8
  • Census Count Percent(%)
    20-24 years 879 19.3
    25-34 years 1700 37.3
    35-44 years 573 12.6
    45-54 years 343 7.5
    55-64 years 294 6.5
    Others 768 16.9
    Age Group
    Census Count Percent(%)
    Not Married 1940 59.9
    Registered Married 731 22.6
    Defacto Relationship 568 17.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2445 60.5
    Croatia 203 5.0
    United Kingdom 170 4.2
    Viet Nam 137 3.4
    Other 385 9.5
    Others 703 17.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 225 5.8
    Christianity 1502 38.8
    Hinduism 106 2.7
    Islam 153 4.0
    No Religion 1820 47.0
    Others 63 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 139 7.9
    $1,500-$1,999 234 13.3
    $2,000-$2,499 162 9.2
    $2,500-$2,999 250 14.2
    $3,000-$3,499 144 8.2
    Others 835 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1966 51.6
    Not in the labour force 940 24.7
    Employed, worked part-time 605 15.9
    Unemployed, looking for work 171 4.5
    Employed, away from work 127 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 408 15.1
    Professionals 1117 41.4
    Technicians & trades workers 169 6.3
    Community & personal service workers 221 8.2
    Clerical & administrative workers 458 17.0
    Others 325 12.0
    Occupation
    Census Count Percent(%)
    Infants/Primary 89 6.1
    Secondary 79 5.4
    Technical or Further Educational Institution 126 8.7
    University or other Tertiary Institutions 1086 74.8
    Other type of educational institution 48 3.3
    Others 24 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 2504 69.7
    Separate house 556 15.5
    Semi-detached, row or terrace house, townhouse 529 14.7
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1325 69.5
    Being purchased 374 19.6
    Fully owned 197 10.3
    Other tenure type 11 0.6
    Tenure Type
Census 2011, ABS
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