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AREA REPORTS

Scullin

Suburb Profile

Scullin - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2614

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 8.13% capital gain.

Property investors in SCULLIN enjoyed capital gains of 3.42% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $605,000.

Profits due to an upward trend in home prices there averaged 2.71% per annum over a 3-year period.

Home owners selling their properties and realtors in SCULLIN usually have to wait an average of 87.3 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $515 mark, reflecting a 4.43% increase in returns based on the current median price in SCULLIN.

SCULLIN, 2614 places 65th in Australia based on median property value growth during the quarter.

Surburb overview

Scullin is a suburb in the district of Belconnen in Canberra, ACT. It is bounded by major arterial roads, namely Southern Cross Drive, Chewings Street, Belconnen Way, and Kingsford Smith Drive, and surrounded by the suburbs of Florey, Latham, Page, Hawker, and Higgins. Its namesake is James Henry Scullin, federal Labor Party leader and former Australian prime minister.

Family-centric neighbourhood

Scullin is known for its warm family vibe, with ample parklands for walking the dog, biking, picnics with the family, and leisurely strolls. Homes are nestled on generous parcel of lands, making the suburb prime real estate for families who are upgrading or plainly prefer homes with spacious front lawns and backyards.

Residents encourage interested homebuyers to take advantage of current market rates in Scullin as demand in the town has surpassed that of the entire capital. Those who live in the suburb prize its distance from the city and transportation hubs, without compromising its tranquil ambiance.

Nearby amenities

Scullin has its own set of shops where residents can buy their daily necessities. The Belconnen Town Centre is just a quick walk and drive away and so is the Hawker Shopping Centre in neighbouring suburbs. Scullin has a primary school, the Southern Cross Early Childhood Centre, while the nearest secondary school is in Hawker. The suburb also has a medical centre located at the Scullin Arcade.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $605,000 $300,250
GROWTH REPORT
Median Quarterly 1.68% -14.82%
Median 12 month 3.42% -22.91%
Median 3 years 8.13% -19.4%
Median 5 years 26.04% N/A
10 years average annual 3.15% -3.73%
Weekly media advert. rent $515 $400
Time on Market 87.3 days 0.0 days
Gross Rental Yield Percent 4.43% 6.93%
demographics (median values)
Total Population
2796
Weekly Household Income
1109
Household Size
2.40
demographics
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