Rivett

Rivett, ACT 2611 has a population of 3,354 residents with a diverse age distribution. The suburb offers a good mix of occupations, with professionals, managers, and technicians/tradeworkers being the top three occupation groups. Residents have access to multiple commuting options, with a notable percentage working from home. The suburb has a low vacancy rate and a high demand for renting out rooms, indicating a favourable rental market. For houses in Rivett, the suburb presents a balanced market with moderate growth rates. The sale price median growth over the past 10 years has been strong. Houses may attract renovators given the sale price IQR ratio indicating potential renovation opportunities. For units, there is limited market activity, with a slight negative growth over recent years. The suburb is characterised by a high rented ratio for units, suggesting strong demand for rental units. Rivett, ACT 2611 offers a desirable lifestyle with convenient commuting options and a diverse range of occupations. The suburb's rental market shows promise, particularly for those considering investing in houses. With a focus on renovation potential for houses and strong rental demand for units, Rivett presents opportunities for both homeowners and investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022