AREA REPORTS

Pearce

Suburb Profile

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

house
unit

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 $835,000.

The upward trend in home prices in PEARCE, 2607 averaged 7% per annum over a 3-year period.

Average weekly rents on listings have reached the $650 mark, reflecting a 4.05% increase in returns based on the current median price in PEARCE.

An average of 2.75 real estate transactions take place per month in PEARCE which translates to 33 per annum.

33 properties were sold in PEARCE in 2016, making it the 52nd 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 $835,000 $497,500
GROWTH REPORT
Median Quarterly N/A N/A
Median 12 month 1.21% -6.57%
Median 3 years 21.01% 15.97%
Median 5 years 27.48% 1.12%
10 years average annual 4.09% 8.03%
Weekly media advert. rent $650 $450
Time on Market 0.0 days 0.0 days
Gross Rental Yield Percent 4.05% 4.7%
demographics (median values)
Total Population
2507
Weekly Household Income
1376
Household Size
2.40
demographics
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Top 10 Birth Countries
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