Bruce is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2617). With a population of 7,520, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $118K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in Bruce is $1.3 million, having dropped significantly 8.9% over the past year. Units have a median price of $560,000 (+15.2% YoY). The median weekly rent is $430 (Census 2021). This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,733.
Bruce is served by 1 school, including 1 combined. The average ICSEA score is 1203, which is well above the national average of 1,000. Public transport access includes 47 bus stops. Healthcare facilities include 3 public and 2 private hospitals. The crime rate in the Unincorporated ACT LGA is below average at 2,580 incidents per 100,000 population.
From an investment perspective, Bruce offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.3M/$1.0M). The price-to-income ratio of 10.8x is considered stretched. House prices have moved -8.9% year-on-year.
Bruce is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2617). With a population of 7,520, the suburb has a young professional demographic with a median age of 29. Households earn a median income of $118K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in Bruce is $1.3 million, having dropped significantly 8.9% over the past year. Units have a median price of $560,000 (+15.2% YoY). The median weekly rent is $430 (Census 2021). This gives a gross rental yield of approximately 1.8%. The median monthly mortgage repayment is $1,733.
Bruce is served by 1 school, including 1 combined. The average ICSEA score is 1203, which is well above the national average of 1,000. Public transport access includes 47 bus stops. Healthcare facilities include 3 public and 2 private hospitals. The crime rate in the Unincorporated ACT LGA is below average at 2,580 incidents per 100,000 population.
From an investment perspective, Bruce offers a gross rental yield of 1.8%, rated as low yield. Property prices are near the state median ($1.3M/$1.0M). The price-to-income ratio of 10.8x is considered stretched. House prices have moved -8.9% year-on-year.