Suburb Profile Report for Latham ACT (2615)

Latham House: Median price $609,500, Annual capital growth 3.59%, Number of sales 52, Weekly median advertised rent $540

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.

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House Report

If you compare the increase in value of investment property in Latham, 2615 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was 5.82%.

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

A $540 per week rent on the median house gives suburb investors a gross yield of circa 4.61%, without taking into account capital value appreciation, which has been averaging out at 3.59%.

Metrics	HOUSE	UNIT
Median price	$609,500	N/A
Quarterly growth	1.58%	N/A
12-month growth	5.82%	N/A
Average Annual Growth	3.59%	N/A
Weekly median advertised rent	$540	N/A
Number of sales	52	N/A
Gross rental yield	4.61%	N/A
Days on market	53.8823529411765	N/A

DSR Score for property investment : Very good (H), Very good (U)

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Demographics

Total population	3604
Median household income ($/weekly)	1720
Median age of persons	37
Median housing loan repayment ($/monthly)	2000
Average household size	2.6

Census	Count	Percent(%)
5-14 years	411	11.4
25-34 years	530	14.7
35-44 years	546	15.2
45-54 years	459	12.7
55-64 years	481	13.3
Others	1176	32.6

Age Group

Census	Count	Percent(%)
Registered Married	1338	50.0
Not Married	1076	40.2
Defacto Relationship	261	9.8

Social Marital Status

Census	Count	Percent(%)
Australia	2794	80.7
Japan	33	1.0
Papua New Guinea	42	1.2
United Kingdom	150	4.3
Other	131	3.8
Others	311	9.0

Country of Birth

Census	Count	Percent(%)
Buddhism	62	1.9
Christianity	2193	65.6
Hinduism	20	0.6
Islam	40	1.2
No Religion	1013	30.3
Others	15	0.4

Religious Affiliation

Census	Count	Percent(%)
$1,250-$1,499	103	8.7
$1,500-$1,999	185	15.6
$2,000-$2,499	142	12.0
$2,500-$2,999	134	11.3
$3,000-$3,499	109	9.2
Others	514	43.3

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	1282	45.5
Not in the labour force	792	28.1
Employed, worked part-time	542	19.2
Employed, away from work	129	4.6
Unemployed, looking for work	71	2.5

Person Characteristics

Census	Count	Percent(%)
Managers	219	11.2
Professionals	478	24.5
Technicians & trades workers	301	15.4
Community & personal service workers	200	10.3
Clerical & administrative workers	400	20.5
Others	353	18.1

Occupation

Census	Count	Percent(%)
Pre-school	53	6.3
Infants/Primary	267	31.9
Secondary	215	25.7
Technical or Further Educational Institution	90	10.8
University or other Tertiary Institutions	184	22.0
Others	28	3.3

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	3242	94.8
Semi-detached, row or terrace house, townhouse	114	3.3
Flat, unit or apartment	63	1.8
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0