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Curtin, ACT 2605

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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 Curtin, ACT 2605 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.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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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 “Curtin, ACT 2605”

  1. The total adult population (15 years or older) of Curtin 2605 ACT is 4,485, with a median age of 41. Of those, 53.18% are married, 9.41% are divorced or separated, 31.19% are single and 6.18% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $14,692. The median monthly mortgage repayment for households in this suburb is $2,600 which is 17.70% of their earnings.

    Source: ABS Census Data (2021)

  2. Heralding from the Australian Capital Territory, the suburb of Curtin 2605 is a niche haven, boasting an integrated family-friendly community nestled within an estimated 2360 households. As we delve into the third quarter of 2023, purchasing a slice of this tranquillity in the form of a house will typically set you back $1,414,860. The catch is sweetened with an attractive weekly return of $750 in rental income, resulting in an indicative yield of 2.76%, albeit falling slightly short of the desired minimum 3% cashflow yield attractive to property investors.

    From a socioeconomic perspective, Curtin excels. The IRSAD score, a measure of relative socio-economic advantage and disadvantage, sits comfortably above average at 1135 out of 1217. This demonstrates an affluent and skilled professional population, basked in high income levels and rich access to economic resources within the suburb.

    Curtin’s property market yields a favourable renter to owner ratio at 24%. For any discerning investor, this is good news; lower proportions in this ratio signify decreased competition amongst landlords, beneficial in fostering high rental yields and long term returns. The trend continues with only a 14% units to hoses ratio, creating an ideal environment, attractive to families committed to longer tenancy periods and reducing the risk of price drops associated with oversupply.

    The affordability index, however, tells a slightly differing tale. At 38 years, it surpasses the standard 30-year mortgage, a crucial factor in determining property affordability. Despite this, the stock on market Percentage sits favourably low at 0.11%, signalling a well-absorbed property market. The inventory level follows suit at a swift 0.48 months. Similarly, the Building Approval Ratio at 0.89% suggests a slower influx of new dwelling stock, maintaining a healthy supply-demand balance.

    However, it’s crucial to also observe the more demand-specific insights. In Curtin, homes typically remain on the market for 79 days – indicating a moderate demand. The slightly elevated vacancy rate of 3.69%, albeit slightly into the unfavourable zone, still provides competitive opportunities for landlords. And the Buy Search Index? That stands at 3 – again signalling a moderate level of demand and interest from potential buyers.

    In sum, while some metrics in Curtin might present slight challenges – such as the higher Affordability Index or increased vacancy rate – the suburb’s relative composite score, developed by HtAG Analytics using over 80 metrics, remains resilient. The emphasis here lies in the comprehensive understanding of the whole picture, keeping the balances between supply and demand in focus and, more importantly, appreciating that every real estate investment decision must consider the entire landscape of each unique property market in question.

    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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