Powered by MOMENTUM MEDIA
AREA REPORTS

Hughes

Suburb Profile

Hughes - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2605

house

A 6.08% increase in median property prices in HUGHES, 2605 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 51st.

A steady increase in median property prices over a five-year period in the suburb translates to a 11.57% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,002,500

The augmented property values in the suburb are trailing above the territorial average of 5.84% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $650.

Home owners selling their properties and realtors in HUGHES usually have to wait an average of 53.1 days days before their assets are lifted off the market.

The ACT suburb ranks 56th on the list of best yielding suburbs for rental properties in ACT, posting a 3.37% return.

It also places places 23rd in Australia based on median property value growth during the quarter.

Surburb overview

Hughes is a suburb belonging to the District of Woden, in the capital city of Canberra in the Australian Capital Territory. It links the suburbs of Deakin, Phillip, Garran and Curtin.

Demographics profile

Based on census data, Hughes has a close to middle-age population, with a median age of 44. Nearly half of the population is married in Hughes, with an average people per household of 2.5. The female population numbers more than males by a small difference.

As for country of birth, nearly 70 per cent of the suburb’s residents were Australian-born. Other countries of origin include England, New Zealand, India, the United States of America and mainland China. The most common languages spoken at home are English, French, Malayalam, Mandarin, Italian and Vietnamese.

Real estate environment

The streetscape in Hughes is leafy, with walking tracks and houses featuring decent-sized front lawns. The housing stock consists of a mix of terraced homes, brick apartments and bungalows, and, at times, luxurious mansions.

Occupancy rates in owned properties are high in Hughes, with just a tiny percentage of the properties unoccupied. A great number of these properties are homes with three bedrooms on average.

Houses for sale in Hughes oscillate between old bungalows that are perfect candidates for renovations as well as mansions. Units and land releases are also a common feature of listings.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,002,500 N/A
GROWTH REPORT
Median Quarterly 5.53% N/A
Median 12 month 6.08% N/A
Median 3 years 11.57% N/A
Median 5 years 14.57% N/A
10 years average annual 3.95% N/A
Weekly media advert. rent $650 N/A
Time on Market 53.1 days N/A
Gross Rental Yield Percent 3.37% N/A
demographics (median values)
Total Population
2896
Weekly Household Income
1521
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

Why commercial is the new residential

Gone are the golden days where you could purchase residential properties with yields of 6, 7 or 8 per cent or build a self-sustaining prope...

capital cities

Detailed forecast: How will the capital cities perform in 2021?

With most of the property market finding its footing by the end of 2020, after the COVID-induced disruption, experts have grown optimistic a...

house prices

‘Allowing super to be used for deposit will jack up house prices’

Capital city prices could soar if the backbenchers’ continued push to enable first home buyers to access their super to fund their home de...

Killarney Vale

Central Coast’s 2261 postcode swarmed by Sydney buyers

Sydney buyers have been flocking to one of NSW’s “best-kept secrets”, the Central Coast’s 2261 postcode region, a real estate brand ...

auction

Sydney’s median auction house price hits $1.68m as auctions balloon

Homes in Sydney are selling more than $1 million above the reserve, with the preliminary clearance rate hitting new heights, new research ha...

CBD

Re-imagined, innovative CBDs to spur unprecedented growth

Despite the obvious impact the COVID-19 pandemic has had on CBDs, a researcher has labelled the forecasted death of CBDs an over-exaggeratin...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.