Suburb Profile Report for Florey ACT (2615)

Florey House: Median price $625,000, Annual capital growth 3.28%, Number of sales 35, Weekly median advertised rent $480

Florey Unit: Median price $398,500, Annual capital growth 1.74%, Number of sales 16, 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

Investment property in Florey has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.11%

Comparing Florey,2615 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.

Advertised rents are around the $480 mark per week – giving a return of 3.99% based on the median price in Suburb

If you compare the increase in value of investment property in Florey, 2615 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 1.53%.

A 6.27% growth in median value for property investors in Florey,2615 puts this suburb at number 51th in terms of best performing suburbs in ACT

A $440 per week rent on the median house gives suburb investors a gross yield of circa 5.74%, without taking into account capital value appreciation, which has been averaging out at 1.74%.

Metrics i HOUSE UNIT
$625,000 $398,500
0.32% -2.09%
-1.11% 1.53%
3.28% 1.74%
$480 $440
35 16
3.99% 5.74%
38.5 47.6

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), Good (U)
Find a mortgage broker in Florey ACT
Demographics
Total population 5042
Median household income ($/weekly) 1636
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 628 12.5
    25-34 years 730 14.5
    35-44 years 674 13.4
    45-54 years 799 15.9
    55-64 years 610 12.1
    Others 1599 31.7
    Age Group
    Census Count Percent(%)
    Registered Married 1832 47.9
    Not Married 1670 43.7
    Defacto Relationship 320 8.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3381 70.0
    Croatia 126 2.6
    United Kingdom 175 3.6
    Viet Nam 154 3.2
    Other 306 6.3
    Others 691 14.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 308 6.6
    Christianity 2818 60.8
    Hinduism 132 2.8
    Islam 157 3.4
    No Religion 1189 25.6
    Others 34 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 141 8.6
    $1,500-$1,999 218 13.3
    $2,000-$2,499 170 10.3
    $2,500-$2,999 161 9.8
    $3,000-$3,499 153 9.3
    Others 802 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1723 43.4
    Not in the labour force 1139 28.7
    Employed, worked part-time 809 20.4
    Employed, away from work 172 4.3
    Unemployed, looking for work 130 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 321 11.9
    Professionals 700 25.9
    Technicians & trades workers 281 10.4
    Community & personal service workers 259 9.6
    Clerical & administrative workers 571 21.1
    Others 572 21.2
    Occupation
    Census Count Percent(%)
    Pre-school 69 4.9
    Infants/Primary 405 28.5
    Secondary 403 28.3
    Technical or Further Educational Institution 148 10.4
    University or other Tertiary Institutions 366 25.7
    Others 31 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4195 86.9
    Semi-detached, row or terrace house, townhouse 345 7.1
    Flat, unit or apartment 289 6.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 671 37.4
    Being purchased 567 31.6
    Fully owned 553 30.8
    Other tenure type 4 0.2
    Tenure Type
Census 2011, ABS
Chart Table