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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 3.1% for the past year.

Investors saw the median home price rise to $1,330,000.

Profits due to an upward trend in home prices in the suburb averaged 5.56% per annum over a 3-year period.

DEAKIN now ranks at the 75th 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 $670 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 97.9 days.

In 2016, 50 properties were sold in DEAKIN during the past year, making it the 35th 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 $1,330,000 $692,500
GROWTH REPORT
Median Quarterly -2.39% -23.9%
Median 12 month 3.1% N/A
Median 3 years 16.67% -16.57%
Median 5 years 38.9% -12.06%
10 years average annual 5.31% -1.24%
Weekly media advert. rent $670 $595
Time on Market 97.9 days 0.0 days
Gross Rental Yield Percent 2.62% 4.47%
demographics (median values)
Total Population
2606
Weekly Household Income
1859
Household Size
2.40
demographics
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