Suburb Profile Report for Evatt ACT (2617)

Evatt House: Median price $780,000, Annual capital growth 10.43%, Number of sales 77, Weekly median advertised rent $925

Evatt Unit: Median price $470,000, Annual capital growth 0.00%, Number of sales 12, Weekly median advertised rent $0

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Investment property in Evatt has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.00%

Comparing Evatt,2617 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Our latest figures would indicate that property sellers in Evatt are currently offering property investors an average price cut of 0.00% below the asking price at the moment.

Situated 9.22km from the CBD, Evatt is one of Unincorporated ACT localities in the postcode 2617.

Evatt, 2617 ranked 24th in ACT when comparing growth in median property values or capital gain over the last 12 months. Evatt is one of 126 in our list for ACT

If we look at median property appreciation over just the last three months, Evatt has given property investors a paper return of -9.00%. This puts Suburb as 23 on a list of fastest fasting appreciating suburbs in ACT

Sellers are offering property buyers an average discount of -4.19% to buyers in Evatt at the moment, which is less than average for the rest of ACT.

Often selling an investment property can take time, and in Evatt the average time real estate has been on the market is 137.333 days.

With the median price for a house in Evatt being $470000 and the advertised rent reaching $0 the gross rental yield for property investors calculates out to be 0.00%

Information supplied by:


May 2017

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Situated roughly 20-minutes’ drive from the capital of Canberra is the suburb of Evatt, whose houses have become quite popular over the decade.

Prices peaked at nearly $570,000 over the past 12 months, following 12.6% growth. While the unit market has been declining slightly over a five-year period, rental yields are high at 5%.

The suburb’s central location in the Belconnen supports its growth, since the region has been experiencing a rise. Evatt provides many conveniences and amenities, such as ovals and primary schools, and neighbouring suburbs like Melba and Spence are home to secondary schools, sports facilities and shopping centres. Bus services to the city are also offered.


 
Metrics i HOUSE UNIT
$780,000 $470,000
-9.05% -9.00%
0.00% 0.00%
10.43% 0.00%
$925 $0
77 12
0.00% 0.00%
0 137.333333333333

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 5414
Median household income ($/weekly) 2014
Median age of persons 35
Median housing loan repayment ($/monthly) 2100
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 739 13.6
    25-34 years 804 14.9
    35-44 years 890 16.4
    45-54 years 720 13.3
    55-64 years 752 13.9
    Others 1509 27.9
    Age Group
    Census Count Percent(%)
    Registered Married 2082 51.9
    Not Married 1526 38.1
    Defacto Relationship 401 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 4231 80.2
    Croatia 74 1.4
    Papua New Guinea 54 1.0
    United Kingdom 196 3.7
    Other 248 4.7
    Others 474 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 1.9
    Christianity 3295 65.0
    Hinduism 62 1.2
    Islam 62 1.2
    No Religion 1519 30.0
    Others 32 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 136 7.9
    $1,500-$1,999 243 14.1
    $2,000-$2,499 218 12.7
    $2,500-$2,999 213 12.4
    $3,000-$3,499 216 12.6
    Others 693 40.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2069 49.3
    Not in the labour force 1019 24.3
    Employed, worked part-time 776 18.5
    Employed, away from work 233 5.6
    Unemployed, looking for work 96 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 452 14.7
    Professionals 769 25.0
    Technicians & trades workers 369 12.0
    Community & personal service workers 293 9.5
    Clerical & administrative workers 625 20.3
    Others 571 18.5
    Occupation
    Census Count Percent(%)
    Pre-school 82 5.8
    Infants/Primary 506 35.9
    Secondary 397 28.2
    Technical or Further Educational Institution 127 9.0
    University or other Tertiary Institutions 271 19.2
    Others 27 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4997 96.1
    Semi-detached, row or terrace house, townhouse 161 3.1
    Flat, unit or apartment 42 0.8
    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 853 45.3
    Fully owned 640 34.0
    Rented 392 20.8
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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