Suburb Profile Report for Franklin ACT (2913)

Franklin House: Median price $775,000, Annual capital growth 8.48%, Number of sales 64, Weekly median advertised rent $650

Franklin Unit: Median price $372,500, Annual capital growth 1.36%, Number of sales 91, Weekly median advertised rent $450

  • 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

Franklin has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 14.48% to date .

While Franklin,2913 ranked number 39th in ACT for increase in median house value (annualised) increase, it is ranked 29th over the last 5 years.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.62% offered to property buyers. Sellers in Franklin itself are offering an average vendor discount of -4.32% to real estate investors.

Using the current median advertised rental of $650 and the average annual increase in value of a median property of 8.48%, investors should hope to achieve an overall return of 4.36%

Investment property in Franklin 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 -1.91%

The five-year average increase in median property values for Franklin,2913 has given property investors a potential capital gain of 3.50% across each of those five years.

Our latest figures would indicate that property sellers in Franklin are currently offering property investors an average price cut of -4.86% below the asking price at the moment.

Often selling an investment property can take time, and in Franklin the average time real estate has been on the market is 96.9178 days.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 6.28%, without taking into account capital value appreciation, which has been averaging out at 1.36%.

Information supplied by:


March 2017

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Median unit price: $359,500

Rental yield: 5.71%

The fairly new suburb of Franklin is one of those benefiting from Gungahlin’s development. This suburb recorded a jump of almost 7% in two-bedroom unit prices over the past 12 months, but it remains a reasonably priced area to invest in.

The rental market has followed by increasing rents at almost the same rate. In the process, investors can gain a significant average return of 5.7%. Although Franklin’s townhouse market did not report rises in rent rate, landlords can still earn a 5.3% yield.

The suburb is home to parklands, and it encourages a nature-filled, active lifestyle through pedestrian and cyclist trails. There are several schools at various education levels as well. For other amenities, Franklin is only 15 minutes away from Canberra by car and roughly half an hour by bus. The Marketplace at Gungahlin is minutes away and houses many shops and restaurants.

Metrics i HOUSE UNIT
$775,000 $372,500
1.31% 1.22%
14.48% -1.91%
8.48% 1.36%
$650 $450
64 91
4.36% 6.28%
62.4230769230769 96.9178082191781

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.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3807
Median household income ($/weekly) 2292
Median age of persons 28
Median housing loan repayment ($/monthly) 2600
Average household size 2.9
  • Census Count Percent(%)
    0-4 years 429 11.3
    5-14 years 462 12.1
    20-24 years 384 10.1
    25-34 years 1144 30.1
    35-44 years 664 17.5
    Others 721 19.0
    Age Group
    Census Count Percent(%)
    Registered Married 1469 53.9
    Not Married 914 33.5
    Defacto Relationship 342 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2037 55.6
    Croatia 295 8.1
    Indonesia 252 6.9
    Viet Nam 102 2.8
    Other 378 10.3
    Others 600 16.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 248 7.0
    Christianity 1624 45.9
    Hinduism 322 9.1
    Islam 277 7.8
    No Religion 1012 28.6
    Others 54 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 167 14.6
    $2,000-$2,499 179 15.6
    $2,500-$2,999 188 16.4
    $3,000-$3,499 152 13.3
    $4,000 or more 92 8.0
    Others 368 32.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1676 59.9
    Not in the labour force 486 17.4
    Employed, worked part-time 434 15.5
    Employed, away from work 125 4.5
    Unemployed, looking for work 79 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 335 15.0
    Professionals 762 34.1
    Technicians & trades workers 231 10.3
    Community & personal service workers 171 7.6
    Clerical & administrative workers 409 18.3
    Others 328 14.7
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.9
    Infants/Primary 307 26.9
    Secondary 191 16.7
    Technical or Further Educational Institution 134 11.7
    University or other Tertiary Institutions 373 32.7
    Others 46 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3177 87.3
    Semi-detached, row or terrace house, townhouse 299 8.2
    Flat, unit or apartment 165 4.5
    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 791 64.4
    Rented 362 29.5
    Fully owned 76 6.2
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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