Suburb Profile Report for Wanniassa ACT (2903)

Wanniassa House: Median price $600,000, Annual capital growth 3.16%, Number of sales 121, Weekly median advertised rent $550

Wanniassa Unit: Median price $430,000, Annual capital growth 3.00%, Number of sales 10, Weekly median advertised rent $440

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Investment property in Wanniassa has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.44%

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

At number 15th of ACT’s most discounted properties, Wanniassa is in the middle of the state/territory when listing in order of most discounted to least.

Situated 13.80km from the CBD, Wanniassa is one of Unincorporated ACT localities in the postcode 2903.

Wanniassa has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 4.88% to date .

Taking the average capital gain, or increase in median house value, Wanniassa,2903 has racked up an average of 4.88% over the period. This ranks it number 698th in the whole country for real estate investors looking at median house price increases.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 3.00%, investors should hope to achieve an overall return of 5.32%

Metrics i HOUSE UNIT
$600,000 $430,000
1.98% N/A
4.44% 4.88%
3.16% 3.00%
$550 $440
121 10
4.77% 5.32%
42.4125 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Very good (U)
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Demographics
Total population 7786
Median household income ($/weekly) 1896
Median age of persons 37
Median housing loan repayment ($/monthly) 2000
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 950 12.2
    25-34 years 1033 13.3
    35-44 years 1023 13.1
    45-54 years 1134 14.6
    55-64 years 1202 15.4
    Others 2444 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 2957 50.7
    Not Married 2305 39.5
    Defacto Relationship 570 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5991 79.5
    Indonesia 70 0.9
    Papua New Guinea 96 1.3
    United Kingdom 411 5.5
    Other 314 4.2
    Others 656 8.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 128 1.8
    Christianity 4748 65.3
    Hinduism 56 0.8
    Islam 130 1.8
    No Religion 2153 29.6
    Others 58 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 366 14.3
    $2,000-$2,499 328 12.8
    $2,500-$2,999 316 12.3
    $3,000-$3,499 245 9.6
    $4,000 or more 204 8.0
    Others 1102 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2872 47.1
    Not in the labour force 1645 27.0
    Employed, worked part-time 1167 19.1
    Employed, away from work 277 4.5
    Unemployed, looking for work 134 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 585 13.6
    Professionals 1112 25.8
    Technicians & trades workers 500 11.6
    Community & personal service workers 439 10.2
    Clerical & administrative workers 855 19.8
    Others 824 19.1
    Occupation
    Census Count Percent(%)
    Pre-school 107 5.6
    Infants/Primary 585 30.8
    Secondary 562 29.6
    Technical or Further Educational Institution 202 10.6
    University or other Tertiary Institutions 375 19.7
    Others 69 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7013 93.9
    Semi-detached, row or terrace house, townhouse 258 3.5
    Flat, unit or apartment 190 2.5
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1181 42.5
    Fully owned 925 33.3
    Rented 666 24.0
    Other tenure type 6 0.2
    Tenure Type
Census 2011, ABS
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