Suburb Profile Report for Acton TAS (7320)

Acton House: Median price $241,000, Annual capital growth 3.22%, Number of sales 45, Weekly median advertised rent $290

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

At number 722th in the list of Australian suburbs ordered by increase in median house value over the last year, Acton, 7320 is in the top 20% with a property value increase of 22.80% recorded in median house prices.

Across a shorter period, Acton, 7320 has seen a median price increase of 9.47% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Acton is offering property investors an average of -4.46. This rate of discount on properties puts Suburb at number 57th in terms of most discounted suburbs in TAS

Often selling an investment property can take time, and in Acton the average time real estate has been on the market is 44.9259 days.

A $290 per week rent on the median house gives suburb investors a gross yield of circa 6.26%, without taking into account capital value appreciation, which has been averaging out at 3.22%.

Metrics	HOUSE	UNIT
Median price	$241,000	N/A
Quarterly growth	9.47%	N/A
12-month growth	22.80%	N/A
Average Annual Growth	3.22%	N/A
Weekly median advertised rent	$290	N/A
Number of sales	45	N/A
Gross rental yield	6.26%	N/A
Days on market	44.9259259259259	N/A

DSR Score for property investment : Above average (U), Good (H)

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Demographics

Total population	1547
Median household income ($/weekly)	807
Median age of persons	32
Median housing loan repayment ($/monthly)	1050
Average household size	2.4

Census	Count	Percent(%)
5-14 years	224	14.5
25-34 years	240	15.5
35-44 years	178	11.5
45-54 years	171	11.0
65-74 years	149	9.6
Others	586	37.9

Age Group

Census	Count	Percent(%)
Not Married	445	41.8
Registered Married	444	41.7
Defacto Relationship	175	16.4

Social Marital Status

Census	Count	Percent(%)
Australia	1355	93.9
Papua New Guinea	12	0.8
Philippines	11	0.8
United Kingdom	29	2.0
Other	14	1.0
Others	22	1.5

Country of Birth

Census	Count	Percent(%)
Christianity	787	58.4
Hinduism	6	0.4
Islam	6	0.4
Other Religious Groups	18	1.3
No Religion	527	39.1
Others	4	0.3

Religious Affiliation

Census	Count	Percent(%)
$300-$399	55	10.2
$400-$599	91	16.8
$600-$799	74	13.7
$800-$999	71	13.1
$1,000-$1,249	55	10.2
Others	195	36.0

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	510	45.3
Employed, worked full-time	345	30.7
Employed, worked part-time	177	15.7
Unemployed, looking for work	57	5.1
Employed, away from work	36	3.2

Person Characteristics

Census	Count	Percent(%)
Technicians & trades workers	101	18.2
Community & personal service workers	75	13.5
Sales	71	12.8
Machinery operators & drivers	60	10.8
Labourers	114	20.5
Others	134	24.1

Occupation

Census	Count	Percent(%)
Pre-school	14	4.3
Infants/Primary	154	46.8
Secondary	77	23.4
Technical or Further Educational Institution	55	16.7
University or other Tertiary Institutions	20	6.1
Others	9	2.7

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1359	95.5
Flat, unit or apartment	56	3.9
Semi-detached, row or terrace house, townhouse	4	0.3
House or flat attached to a shop, office	4	0.3
Caravan, cabin, houseboat	0	0.0
Others	0	0.0