In this section, we take a closer look at the Belconnen region so you have a true understanding of the area and its surrounds. We digest the data that matters and take a look at the lifestyle elements that make it, the region it is today.
The population has increased since 2006 by 12.64%
<Stats below based
on the suburb of Latham
0.4% of properties in the region
are unoccupied. We don't like the rate to be above 2%. Canberra as a whole is 1%
The vacancy rates in the region
are decreasing. This is good because it shows demand is getting stronger
Average Days on Market
55 days on average to sell a home
Auction Clearance Rates
64% of properties that go to
Ratio of Renters to Owner Occupied
21% are renters / 78% are owner-occupied. We prefer renters to be under 35%. More owner occupiers generally mean properties are better looked after in the area and greater demand for tenants if for an investment
Supply vs. Demand
DSR (Demand Supply Ratio) score of 61. The DSR is a number out of 100 that gauges the demand relative to supply for a residential property market. We look for this to be always over 50. 60 is great, 70 is excellent
(Asset to Income)
26%. This is is the percentage of the household income that goes towards paying a mortgage (based on an 80% LVR of the median property price). We like this to be under 40%
Monthly Household Income
Established Capital Benchmark
The highest sale price in the suburb was $725K. We always want to ensure our max. budget is at least 75% of the highest sale. Our max. budget is sitting at 82.7%.
For Sale Now (Online)
Houses - 11
Median Rent & Gross Rental Yield
$490 / 4.9%
Last 12 Month Capital Growth
Yes. Opportunity to add value in three common ways;
1. Cosmetic, 2.Extension with an additional bedroom, and 3. Granny Flat
Bus to CBD - 35 minutes
Car to CBD - 20 minutes
The region of Belconnen is subdivided into 25 divisions (suburbs), sections and blocks. The district of Belconnen lies entirely within the bounds of the city of Canberra.
The region is the most populous district within the ACT and is situated approximately 7 kilometres to the north-west of the central business district of Canberra, and surrounds an artificially created, ornamental lake, Lake Ginninderra.