Franklin is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2913). With a population of 7,484, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $124K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Chinese.
The median house price in Franklin is $985,000, having dipped slightly 1.5% over the past year. Units have a median price of $498,000 (-7.2% YoY). The median weekly rent is $460 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,885.
Franklin is served by 1 school, including 1 primary. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 1 rail station, 12 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 2,071 incidents per 100,000 population.
From an investment perspective, Franklin offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($985K/$1.0M). The price-to-income ratio of 7.9x is considered moderate. House prices have moved -1.5% year-on-year.
Franklin is a mid-sized suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2913). With a population of 7,484, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $124K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Australian, English, Chinese.
The median house price in Franklin is $985,000, having dipped slightly 1.5% over the past year. Units have a median price of $498,000 (-7.2% YoY). The median weekly rent is $460 (Census 2021). This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $1,885.
Franklin is served by 1 school, including 1 primary. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 1 rail station, 12 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 2,071 incidents per 100,000 population.
From an investment perspective, Franklin offers a gross rental yield of 2.4%, rated as low yield. Property prices are near the state median ($985K/$1.0M). The price-to-income ratio of 7.9x is considered moderate. House prices have moved -1.5% year-on-year.