Deakin

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 29.21% for the past year.

Investors saw the median home price rise to $2,300,000.

Profits due to an upward trend in home prices in the suburb averaged 3.61% per annum over a 3-year period.

DEAKIN now ranks at the 3rd 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 high, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $995 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 94.1 days.

In 2016, 47 properties were sold in DEAKIN during the past year, making it the 35th most active market in ACT based on total real estate transactions.

DEAKIN ranks 9th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.

DEAKIN, 2600 has a capital gain of 10.62% for the past year, which is lower than average compared to its 68.92% growth within a five-year period.

With the median home price in DEAKIN sitting at $1,250,000, and the average rent at $595, property owners could potentially earn a 2.48% increase in gross rental yield.

Property investors have seen a 2.04% gain in DEAKIN based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on DEAKIN, 2600 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 10.62%.

A survey of average capital gains or median home price increase in suburbs across the country shows that DEAKIN, 2600 obtained a 6.49% growth over a ten-year period. It ranks 618th on our list of suburbs that property investors should look into.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,300,000	$1,250,000
Growth Report
Median Quarterly	16.9%	2.04%
Median 12 month	29.21%	10.62%
Median 3 years	10.84%	54.8%
Median 5 years	57.8%	68.92%
10 years average annual	8.95%	6.49%
Weekly media advert. rent	$995	$595
Time on Market	94.1 days	N/A
Gross Rental Yield Percent	2.25%	2.48%

Demographics (Median Values)*

Total Population 7247

Weekly Household Income 2474

Household Size 2.30

Average 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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