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Scullin, ACT 2614

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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 Scullin, ACT 2614 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 “Scullin, ACT 2614”

  1. The total adult population (15 years or older) of Scullin 2614 ACT is 2,427, with a median age of 35. Of those, 46.15% are married, 12.94% are divorced or separated, 38.03% are single and 2.97% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,700. The median monthly mortgage repayment for households in this suburb is $1,950 which is 20.10% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in ACT, Scullin 2614 is a bustling suburb with around 1363 households. By the third quarter of 2023, houses in Scullin 2614 typically priced at $865,845, enjoy a median weekly rent of $620, leading to an indicative yield of approximately 3.72%.

    Scullin’s socio-economic status, as indicated by an IRSAD score of 1040 out of 1217, reflects a substantial access to economic resources and largely high income levels in this area. The renter to owner ratio is noted at 33%, suggesting a relatively balanced property market, though with a slight lean towards rental property availability.

    The suburb displays an optimal units to houses ratio of 12%, suggesting a preference for capable family residences over high-density living arrangements. This trend could potentially increase rental yield due to lower competitions amongst landlords and longer tenant occupancy periods.

    However, it’s important to note the suburb’s affordability index. The fact that it takes around 35 years to fully own a house in this suburb indicates an area of relatively lower affordability.

    Discussing the supply indicators, Scullin shows positively low stock on market Precentage for houses which sits at 0.12%, along with an impressively low inventory level of 0.4 months. This suggests a tight supply in Scullin’s property market, potentially driving property prices upward. Meanwhile, the building approvals ratio for houses was marked at 0.81%, indicating an appreciable cycle of property turnover.

    Scullin’s demand indicators highlight a relatively high demand for houses, with a short average of 15 Days on Market. The suburb also exhibits a moderate vacancy rate (combining houses and units) of 2.71%, suggesting a balanced rental market.

    Lastly, the buy search index for houses is registered at 3. This shows that buyer interest in this suburb aligns with state/city averages, implying a steady demand for houses in Scullin 2614.

    Although individual metrics show some constraints, especially on affordability, majority trends lean towards a potentially favourable property investment environment. Property investors should also monitor the RCS developed by HtAG Analytics, encompassing over 80 metrics to give a holistic view of the property market.

    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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