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AREA REPORTS

Pearce

Suburb Profile

Pearce - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2607

house
unit

PEARCE, 2607 ranks 587th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 8.29% for property investors.

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb 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 $888,000.

The upward trend in home prices in PEARCE, 2607 averaged 6.13% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 3.51% increase in returns based on the current median price in PEARCE.

An average of 2.17 real estate transactions take place per month in PEARCE which translates to 26 per annum.

26 properties were sold in PEARCE in 2016, making it the 69th most active market in ACT based on total real estate transactions.

PEARCE, 2607 places 1st in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $888,000 $540,000
GROWTH REPORT
Median Quarterly 20% 8.87%
Median 12 month 8.29% 8.87%
Median 3 years 18.4% 3.85%
Median 5 years 27.36% 29.11%
10 years average annual 5.22% 3.8%
Weekly media advert. rent $600 $440
Time on Market 58.8 days 93.7 days
Gross Rental Yield Percent 3.51% 4.24%
demographics (median values)
Total Population
2507
Weekly Household Income
1376
Household Size
2.40
demographics
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