Powered by MOMENTUM MEDIA
Florey
AREA REPORTS

Florey

Florey - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2615

house
unit
FLOREY ranks 1st in ACT when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 2.13% for the past year is lower than average compared to its 43.3% growth within a five-year period.

Also in FLOREY, the median home price is sitting at $695,000, and the average rent at $520, this suggests property owners could potentially earn a 3.89% increase in gross rental yield.

Property investors have seen a 0.58% gain in FLOREY based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.35% growth over a ten-year period. It ranks 2553rd on our list of suburbs that property investors should look into.

Surburb overview

Florey is a suburb located in the Belconnen District of Canberra, bounded by Kingsford Smith Drive, Ginninderra Drive, Coulter Drive and Southern Cross Drive. It is bordered by Latham, Scullin, Belconnen, Melba and Evatt. Established in 1975, the suburb was named in honour of Nobel Prize-winning scientist Howard Walter Florey. The suburb’s theme revolves around scientists, hence the name of its streets.

Things to do in Florey

Florey is close to the Western Foreshore Park of the Lake Ginninderra which offers a serene view of the lake and is a prominent spot for kayaking. Florey is well positioned at the heart of the Belconnen District, making it within close proximity of the Belconnen Town Centre. Yet there’s no dearth of lifestyle destinations at Florey, as the suburb boasts its own set of shops along Kesteven Street and Ratcliffe Crescent. In terms of amenities, Florey has three schools, several parks and a medical centre.

Lively property investment

Florey has one of the largest populations in Belconnen and in the entire capital of Canberra for that matter. It’s easy to understand why: the property market in Belconnen is affordable and Florey offers one of the lowest average house prices among suburbs based on the latest property data. Its auction market is not one to be left behind as well, with record sales reaching close to a million dollars for a five-bedroom home.

Data report can be found below

Florey
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $695,000 $421,250
GROWTH REPORT
Median Quarterly 0.58% -2.94%
Median 12 month 2.13% -0.94%
Median 3 years 9.97% 7.32%
Median 5 years 43.3% 15.65%
10 years average annual 3.35% 1.12%
Weekly media advert. rent $520 $480
Time on Market 36.6 days 0.0 days
Gross Rental Yield Percent 3.89% 5.93%
demographics (median values)*
Total Population
44177
Weekly Household Income
1911
Household Size
2.70
Age
35
Monthly Loan Repayment
2000
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

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