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Amaroo, ACT 2914

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Amaroo, ACT 2914 located in Canberra to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Amaroo, ACT 2914”

  1. The total adult population (15 years or older) of Amaroo 2914 ACT is 4,749, with a median age of 35. Of those, 54.47% are married, 9.54% are divorced or separated, 33.82% are single and 2.08% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $12,356. The median monthly mortgage repayment for households in this suburb is $2,158 which is 17.47% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within the Australian Capital Territory, the suburban area of Amaroo 2914 is home to approximately 2187 households. As we delve into the key property market statistics for houses in this suburb in Q3 of 2023, we find that the typical price for houses stands at $949,225. With the median weekly rent marked at $682, this produces an indicative yield of 3.74%,- a figure that is certainly appealing to cashflow-centered property investors looking for investments yielding above the 3% benchmark.

    The socio-economic condition of Amaroo 2914 is rather impressive, as indicated by the IRSAD score of 1092 out of a possible 1217. This suggests that the population of this suburb generally has good access to economic resources and likely encompasses relatively high income earners in skilled professions.

    Moreover, there is a healthy balance between renters and owners in this suburb, as denoted by the renter to owner ratio of 28%. This signifies that the market isn’t over-saturated with rental properties, thereby reducing potential risks and competition that property investors might encounter.

    With a units-to-houses ratio of 2%, there is a clearly lower concentration of units compared to houses in Amaroo 2914. This is a favourable scenario for investors looking for regions dominated by houses, where the likelihood for attracting long-term tenants and maintaining high rental yields is increased.

    In terms of affordability, the index stands at 30 years which means, while not the most affordable, the residents may still manage to fully own a property with a standard 30-year mortgage.

    Moving to supply metrics, the stock on market percentage for houses is considerably low at 0.16%, suggesting a low supply condition which proves beneficial for property sellers. Moreover, with an inventory level of only 0.63 months, new listings seem to get absorbed quite rapidly in the market.

    Additionally, the building approvals ratio for houses is at 0%. This implies that there are currently no newly approved residential buildings over the past 12 months, indicating low supply conditions.

    Metrics indicating the level of demand in the property market are also favourable in Amaroo 2914. With the average days on market for houses being only 24, properties here are moving quite quickly indicating a high demand. The combined vacancy rate for houses and units in the suburb is slightly higher at 1.81%, but still within the range of high demand. However, the buy search index score for houses is at 3 which might indicate a more moderate demand for buying properties in this area.

    In summary, while keeping a close watch on the trend of these metrics is important, the property market in Amaroo 2914 shows a favourable environment for potential investors, with acceptable ratios in renter to owner and units to houses, impressive socio-economic conditions, and mostly favourable supply and demand metrics. However, all these need to be viewed selectively and in combination to form a thorough understanding of the property market in this suburb. For a more comprehensive and automated analysis, consider using the Relative Composite Score (RCS) developed by HtAG Analytics. This tool utilises over 80 critical metrics to deliver accurate investment recommendations.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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