Moncrieff

POSTAL CODE: ACT, 2914

HOUSE

UNIT

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 $1,087,500.

The upward trend in home prices in MONCRIEFF, 2914 averaged 1.86% per annum over a 3-year period.

Average weekly rents on listings have reached the $795 mark, reflecting a 3.8% increase in returns based on the current median price in MONCRIEFF.

An average of 5.17 real estate transactions take place per month in MONCRIEFF which translates to 62 per annum.

62 properties were sold in MONCRIEFF in 2016, making it the 21st most active market in ACT based on total real estate transactions.

MONCRIEFF, 2914 places 23rd in Australia based on median property value growth during the quarter.

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 $674,000.

Investors saw the median home price rise to $674,000.

The downward trend in home prices in MONCRIEFF, 2914 averaged -0.95% per annum over a 3-year period.

MONCRIEFF now ranks at the 20th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MONCRIEFF are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $630 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In MONCRIEFF, homes and units usually stay on listing for an average of 80.2 days.

40 properties were sold in MONCRIEFF in 2016, making it the 18th most active market in ACT based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,087,500	$674,000
Growth Report
Median Quarterly	4.07%	1.35%
Median 12 month	7.67%	-0.88%
Median 3 years	5.58%	-2.85%
Median 5 years	47.36%	38.97%
10 years average annual	19.88%	4.94%
Weekly media advert. rent	$795	$630
Time on Market	83.3 days	80.2 days
Gross Rental Yield Percent	3.8%	4.86%

Demographics (Median Values)*

Total Population 25204

Weekly Household Income 2388

Household Size 3.10

Average Age 31

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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