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Fadden, ACT 2904

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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 Fadden, ACT 2904 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 

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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 “Fadden, ACT 2904”

  1. The total adult population (15 years or older) of Fadden 2904 ACT is 2,429, with a median age of 43. Of those, 61.51% are married, 9.67% are divorced or separated, 25.94% are single and 2.76% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $14,228. The median monthly mortgage repayment for households in this suburb is $2,383 which is 16.75% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of ACT, the suburb of FADDEN 2904 is a thriving community home to approximately 1118 households. As we move into Q3 of 2023, the typical houses in this neighbourhood are fetching an impressive sum of $1098946. Median weekly rents are currently sitting at $787. Together, these figures denote an enticing indicative yield of about 3.72%.

    Driven by its affluent demographics, FADDEN 2904 shines with an IRSAD score of 1142 out of a possible 1217, suggestive of the area’s higher socio-economic status, suitable access to economic resources, and the prevalence of skilled professions in this locale. This is further reinforced with a low renter to owner ratio of just 7%, marking the area with a high potential demand from owner-occupiers – an appealing trait for many property investors.

    Houses dominate the property mix in FADDEN as evident from a 0% units-to-houses ratio, suggesting less competition among landlords, which often leads to higher rental yields and longer tenancy periods. The affordability index mirrors the national 30-year standard for owning a property in the area, reflecting healthy, balanced market conditions.

    Supply metrics paint a favourable picture for prospective investors too. The low stock on market Percentage of 0.38% points towards tight supply, consistent with the trend of a maturing market. The inventory level for houses, denoted by a lean 1.17 months, signifies a faster turnover rate, echoing a strong market absorption rate.

    A low building approvals Ratio of 0.28% for houses indicates limited future supply, suggesting steady price growth for owners in the mid-to-long term. However, investors might need to show a bit of patience, given the slightly elevated Days on Market, currently at 157.

    Although the vacancy rate, which combines both houses and units, registers a slightly higher figure of 6.76%, it’s crucial to consider it together with other demand metrics. The buy search index for houses is 3, highlighting a moderate yet consistent demand for properties in this prestigious suburb.

    It’s important to underline that while specific metrics may indeed lie in unfavourable ranges, the cumulative effect of other favourable metrics may compensate for these. HtAG Analytics’ Relative Composite Score (RCS) tool lends a helping hand by automating the research using over 80 metrics and providing a well-rounded insight into the property investment climate in FADDEN 2904.

    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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