AREA REPORTS

Deakin

Suburb Profile

Deakin - FREE 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 7.1% for the past year.

Investors saw the median home price rise to $1,245,000.

Profits due to an upward trend in home prices in the suburb averaged 9.84% per annum over a 3-year period.

DEAKIN now ranks at the 76th 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 $735 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 92.7 days.

In 2016, 46 properties were sold in DEAKIN during the past year, making it the 28th most active market in ACT based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,245,000 $890,000
GROWTH REPORT
Median Quarterly -5.86% -3.26%
Median 12 month 7.1% 9.88%
Median 3 years 29.52% 11.25%
Median 5 years 44.77% 21.09%
10 years average annual 4.49% 14.03%
Weekly media advert. rent $735 $595
Time on Market 92.7 days 0.0 days
Gross Rental Yield Percent 3.07% 3.48%
demographics (median values)
Total Population
2606
Weekly Household Income
1859
Household Size
2.40
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Perth skyline at night

Property market update: Perth, November 2018

The Perth property market continues to show signs of positivity through record high employment levels and low residential vacancy rates, dri...

Sad face complaints

Financial complaints soar as new body opens doors

The new body that fields financial complaints has fielded over 13,000 enquiries in its first month, including those relating to investment p...

Mortgage broker

More than half of all loans go through a broker

With the knowledge that more than half of all loans go through a mortgage broker, what should property investors keep in mind? ...

Sydney Australia

The top 7 Sydney market predictions for 2019

Wondering how the Sydney market will move in 2019? These are the factors to watch, according to a leading real estate CEO. ...

Perth skyline

WA the most affordable state for the quarter

A real estate body in Western Australia is pleased with the results of a nation-wide report for the September quarter that show it to be the...

Question mark

Five questions to ask yourself before seeking professional property advice

Fox and Hare’s Jessica Brady and Glen Hare shares five questions that can help investors get the greatest value out of professional proper...