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Deakin
AREA REPORTS

Deakin

Deakin - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2600

house
unit

DEAKIN, 2600 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in ACT have risen as a whole, pulling DEAKIN, 2600 values up and netting property investors a capital gain of 1.82% for the past year.

Investors saw the median home price rise to $1,400,000.

Profits due to an upward trend in home prices in the suburb averaged 3.2% per annum over a 3-year period.

DEAKIN now ranks at the 69th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in DEAKIN are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $807.5 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In DEAKIN, homes and units usually stay on listing for an average of 99.2 days.

In 2016, 61 properties were sold in DEAKIN during the past year, making it the 25th most active market in ACT based on total real estate transactions.

Data report can be found below

Deakin
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,400,000 $685,000
GROWTH REPORT
Median Quarterly 1.87% -13.84%
Median 12 month 1.82% -24.39%
Median 3 years 9.59% 17.09%
Median 5 years 32.7% -16.46%
10 years average annual 4.33% 1.88%
Weekly media advert. rent $807.5 $595
Time on Market 99.2 days 113.2 days
Gross Rental Yield Percent 3% 4.52%
demographics (median values)*
Total Population
7247
Weekly Household Income
2474
Household Size
2.30
Age
45
Monthly Loan Repayment
2600
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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