Suburb Profile Report for Evatt ACT (2617)

Evatt House: Median price $550,000, Annual capital growth 4.34%, Number of sales 75, Weekly median advertised rent $480

Evatt Unit: Median price $465,000, Annual capital growth 4.26%, Number of sales 16, Weekly median advertised rent $405

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Evatt has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -0.90% to date .

While Evatt,2617 ranked number 53th in ACT for increase in median house value (annualised) increase, it is ranked 60th over the last 5 years.

Property buyers and investors in Evatt 2617 should be seeing an average reduction in asking price of around -8.19% . This means that Evatt is holding prices well when compared to other suburbs in ACT.

At number 461 in a list of fastest selling suburbs, Evatt is just in the top half of suburbs in Australia with an average of days on market 45.42 for properties listed there.

Renters in Suburb are facing rents around $5760 per annum or $480 every week.

If you compare the increase in value of investment property in Evatt, 2617 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 13.41%.

The five-year average increase in median property values for Evatt,2617 has given property investors a potential capital gain of 19.85% across each of those five years.

Using the current median advertised rental of $405 and the average annual increase in value of a median property of 4.26%, investors should hope to achieve an overall return of 4.53%

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.Full summary

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.


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Metrics i HOUSE UNIT
$550,000 $465,000
0.55% 14.81%
-0.90% 13.41%
4.34% 4.26%
$480 $405
75 16
4.54% 4.53%
45.42 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Evatt ACT
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
Chart Table
Recent sales & rentals