Franklin, ACT 2913: Suburb Profile & Property Report

Market Report

House report
Unit Report

In Franklin, the median property price for a house is currently $980,000 with annual capital growth of -1.58% . There were 63 house sales in the past 12 months. On average, houses spend 64 days on market.

If you're thinking about buying an investment property in Franklin, consider that rental yields for houses are currently 3.74% with an average median rent of $670 weekly. Houses have seen -0.25% growth in the past quarter, and -1.58% growth in the past 12 months.

The size of Franklin is approximately 2.3 square kilometres. It has 2 parks covering nearly 0.4% of total area. The population of Franklin in 2011 was 3,807 people. By 2016 the population was 6,421 showing a population growth of 68.7% in the area during that time. The predominant age group in Franklin is 30-39 years.

Households in Franklin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Franklin work in a professional occupation. In 2011, 69.5% of the homes in Franklin were owner-occupied compared with 55.5% in 2016.

In Franklin, the median property price for a unit is currently $512,500 with annual capital growth of -5.09% . There were 86 unit sales in the past 12 months. On average, units spend 60 days on market.

If you're thinking about buying an investment property in Franklin, consider that rental yields for units are currently 5.72% with an average median rent of $542 weekly. Units have seen 3.22% growth in the past quarter, and -5.09% growth in the past 12 months.

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Key Market Data	House	Unit
Median price	$980,000	$512,500
Quarterly growth	-0.25%	+3.22%
12-month growth	-1.58%	-5.09%
Average annual growth	+6.27%	+7.08%
Weekly median rent	$670	$542
Gross rental yield	3.74%	5.72%
Number of Sales (12m)	63	86
Avg. Days on Market (12m)	64	60

Jump to Market Trends

Key Demographics	2011	2016
Total population	3,807	6,421
Population change (5y)	–	+68.70%
Median household income (p/w)	$2,282	$2,130
Household income change (5y)	–	-6.66%
Median age of persons	27	30

Jump to Demographics Trends

Market Trends

Houses

Units

The Median Sale Price in Franklin is $980,000 for houses and $512,500 for units.

The Median Growth in Franklin over the past 12 months is -1.58% for houses and -5.09% for units.

Over the past 12 months there were 63 houses sold and 86 units sold in Franklin. On average, houses spent 64 days on market and units spent 60 days on market.

In the past 12 months up to September 2024 there were 63 houses sold and 86 units sold in Franklin. On average, houses spent 64 days on market and units spent 60 days on market.

1 Year 5 Years 10 Years

Houses

Units

The Median Rent in Franklin is $670 for houses and $542 for units.

The Rental Yield in Franklin is 3.74% for houses and 5.72% for units.

1 Year 5 Years 10 Years

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Demographic Trends

Better understand demographic trends by reviewing the latest suburb demographic data below.

Age groups Country of Birth Religious Affiliation Household Income Occupations Education Level Qualification Level

The population of Franklin was 6,421 in 2016, a +68.70% change compared to 2011.

The predominant age group in Franklin is 30-39 years.

The population of Franklin was 6,421 in 2016, a +68.70% change compared to 2011.

The predominant age group in Franklin is 20-29 years.

Most of the population in Franklin were born in Australia.

Most of the population in Franklin report their religion as No Religion.

Most of the population in Franklin report their income range as between $78,000 and $130,000 .

The median household income in Franklin was $2,130 in 2016, a -6.66% change compared to 2011.

Most of the population in Franklin report their income range as between $78,000 and $130,000 .

The median household income in Franklin was $2,282 in 2011, a – change compared to 2006.

Most of the population in Franklin work as Professional.

The chart below demonstrates the various levels of education in Franklin.

Most of the population in Franklin reached a qualification level of Bachelor.

2011 2016

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