Suburb Profile Report for Latham ACT (2615)

Latham House: Median price $556,000, Annual capital growth 3.86%, Number of sales 46, Weekly median advertised rent $495

Latham Unit: Median price $419,250, Annual capital growth 3.74%, Number of sales 16, Weekly median advertised rent N/A

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Latham have tracked just lower than the ACT average of 6.10% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Latham comes in at number 51th in ACT.

LACK OF BUYER INTEREST may well be the reason that Latham is offering property investors an average of -3.60. This rate of discount on properties puts Suburb at number 58th in terms of most discounted suburbs in ACT

Property investors should expect to get $495 weekly from the median priced house in this suburb.

With a capital gain of 3.97% for the last 12 months, Latham, 2615 has performed for property investments than its average annual 3.74% property growth over the last 5 years.

Property buyers and investors in Latham 2615 should be seeing an average reduction in asking price of around -7.52% . This means that Latham is holding prices well when compared to other suburbs in ACT.

On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.

Metrics i HOUSE UNIT
$556,000 $419,250
-1.59% N/A
3.93% 3.97%
3.86% 3.74%
$495 N/A
46 16
4.63% N/A
37.08 59.72

Source: CoreLogic

DSR Score for property investment : Excellent (H), Above average (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
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 598 46.1
    Fully owned 424 32.7
    Rented 271 20.9
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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