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Weston, ACT 2611

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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 Weston, ACT 2611 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Weston, ACT 2611”

  1. The total adult population (15 years or older) of Weston 2611 ACT is 3,239, with a median age of 42. Of those, 50.02% are married, 12.47% are divorced or separated, 30.94% are single and 6.61% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $12,328. The median monthly mortgage repayment for households in this suburb is $2,200 which is 17.85% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in the Australian Capital Territory, the suburb of WESTON, postcode 2611, comprises a community of approximately 2,088 households. When taking a look at the property market in Q3 of 2023, WESTON’s typical house price stands at $1,078,397 AUD. Housing rental median per week is currently pegged at $736, leading to an indicative yield of 3.55% – a yield which leaves cashflow-centered property investors satisfied.

    WESTON holds a solid socio-economic score at 1105 out of a potential 1217, demonstrating a wealth of economic resources, relatively high income levels, and an atmosphere of skilled professions. Rental properties amount to a 22% portion of the market – a percentage that strategically avoids over-saturation and its accompanying risks, while ensuring a decent return for investors.

    The units to houses ratio in WESTON is especially favourable, indicated by a meager 2% – a clear sign that potential landlords and investors should expect less competition for tenants, thereby maintaining a higher rental yield. Affordability, however, shows a bit of a challenge with an index of 34 years to own the home fully, which is marginally above the standard 30-year mortgage term. Nevertheless, this is counterbalanced by a number of WESTONS’s property market factors.

    Supply metrics show a positive picture in WESTON. stock on market Percentage for houses is remarkably low at 0.06%, painting a picture of a shortage in supply – a favourable sign for homeowners and investors who could benefit from potential price appreciation in a supply-constrained market. A look at the inventory level for houses, which sits at a minuscule 0.21 months, further emphasises this low supply scenario, suggesting a quicker absorption rate for new listings. The building approvals Ratio for houses is low as well at 0.17%, stressing an unlikelihood of increased dwelling stock in the area and thus maintaining the favourable conditions of the market.

    On the demand side of things, the average number of days for ‘for sale’ listings on the market, at a mere 27 days, signifies a high demand for houses in WESTON. Furthermore, a vacancy rate of 1.71% for the combined housing and units reinforces a record of high demand, offering investors a great opportunity due to high demand with relatively limited supply. Lastly, a buy search index for houses at 4 suggests a moderate level of online buy searches when compared to the state/city average.

    While WESTON’s property market might not pass with flying colours on every single metric, it undeniably displays strength in numerous areas, making it a potentially promising investment option provided a thorough understanding of the market and its trends. As with any property investment, ongoing vigilance is necessary for making beneficial investment decisions and maximising potential returns. When evaluated comprehensively, WESTON might just be the next hotbed for your real estate investment portfolio.

    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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