Suburb Profile Report for Monash ACT (2904)

Monash House: Median price $652,500, Annual capital growth 2.95%, Number of sales 66, Weekly median advertised rent $520

Monash Unit: Median price $495,000, Annual capital growth 2.07%, Number of sales 19, Weekly median advertised rent $463

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report
Unit Report

Over the last year, property investments in Monash, 2904 have given investors a capital gain of 4.82%. This compares averagely with the 3.61% for ACT as a whole.

Monash,2904 was ranked 2318 in Australia by increase in median property value over the quarter.

Vendor discounting in Monash is giving property investors an average Vendor Discount of around -3.66%. This puts suburb at number 18th in ACT when ranking the most discounted suburbs.

With the median price for a house in Monash being $652500 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 4.14%

ACT has seen average median house prices change by 2.54% which means that Monash, 2904 has done well for property investors by showing a capital gain of 7.03% over the last year

Monash,2904 has offered an average of 7.03% return per annum in house price rises to property investors over the last three years.

Monash, 2904’s gross rental yield is 4.86%

Metrics	HOUSE	UNIT
Median price	$652,500	$495,000
Quarterly growth	0.38%	2.17%
12-month growth	4.82%	7.03%
Average Annual Growth	2.95%	2.07%
Weekly median advertised rent	$520	$463
Number of sales	66	19
Gross rental yield	4.14%	4.86%
Days on market	60.0204081632653	46

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

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Demographics

Total population	5422
Median household income ($/weekly)	1911
Median age of persons	39
Median housing loan repayment ($/monthly)	1863
Average household size	2.6

Census	Count	Percent(%)
5-14 years	620	11.4
25-34 years	631	11.6
35-44 years	675	12.4
45-54 years	899	16.6
55-64 years	762	14.1
Others	1836	33.9

Age Group

Census	Count	Percent(%)
Registered Married	2194	52.4
Not Married	1686	40.2
Defacto Relationship	311	7.4

Social Marital Status

Census	Count	Percent(%)
Australia	4058	77.2
Indonesia	100	1.9
Sri Lanka	97	1.8
United Kingdom	254	4.8
Other	204	3.9
Others	543	10.3

Country of Birth

Census	Count	Percent(%)
Buddhism	101	2.0
Christianity	3430	67.3
Hinduism	150	2.9
Islam	106	2.1
No Religion	1264	24.8
Others	46	0.9

Religious Affiliation

Census	Count	Percent(%)
$1,500-$1,999	259	14.3
$2,000-$2,499	208	11.5
$2,500-$2,999	222	12.3
$3,000-$3,499	164	9.1
$4,000 or more	152	8.4
Others	801	44.4

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	2054	46.6
Not in the labour force	1226	27.8
Employed, worked part-time	840	19.0
Employed, away from work	204	4.6
Unemployed, looking for work	87	2.0

Person Characteristics

Census	Count	Percent(%)
Managers	443	14.3
Professionals	726	23.4
Technicians & trades workers	383	12.4
Community & personal service workers	284	9.2
Clerical & administrative workers	700	22.6
Others	563	18.2

Occupation

Census	Count	Percent(%)
Pre-school	56	4.4
Infants/Primary	402	31.5
Secondary	394	30.9
Technical or Further Educational Institution	144	11.3
University or other Tertiary Institutions	242	19.0
Others	37	2.9

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	4397	84.9
Semi-detached, row or terrace house, townhouse	726	14.0
Flat, unit or apartment	53	1.0
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0