Deakin is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2600). It is home to about 3,124 residents, with an older-leaning population and a median age of 45. Households earn a median income of $162K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. ACT employment has moved -0.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. ACT also had 6 Commonwealth-backed major projects under construction, 1 underway, and 7 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward public admin & safety and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Deakin stand at $1.8 million, having fallen sharply by 14.7% over the last twelve months. Units have a median price of $1.1 million (+33.6% YoY). The median weekly rent is $560 (Census 2021). This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $3,180.
Deakin is served by 3 schools, including 1 secondary, 1 combined, 1 special. The average ICSEA score is 1118, which is well above the national average of 1,000. Public transport access includes 49 bus stops. Healthcare facilities include 5 private hospitals. The crime rate in the Unincorporated ACT LGA is below average at 2,497 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 1.6% (low yield). Property prices are above the state median ($1.8M/$1.0M), placing it in the premium segment. The price-to-income ratio of 11.1x is considered stretched. House prices have moved -14.7% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.