Follow the money – Canberra postcodes mapped for wealth

johnboy 15 December 2010 20

wealth map

Aue-emaps.com have mapped out the ATO investment data of Canberrans by postcode.

At a glance it’s easy to see where the money wants to be in this town. But here are the findings:

— The highest proportions of sophisticated investors (ie. with cash, highly geared investment properties as well as other investments delivering strong capital gains) are in postcodes 2600 and 2603 whilst residents of postcodes 2615, 2902, 2903, 2905 and 2906 are the least
likely to have an investment in any form.

— People with strong preferences towards cash and investments delivering capital gains and with moderately geared investment properties are most likely to reside in 2601, 2602, 2604, 2605, 2606
and 2607 postcodes.

— Residents of postcodes 2611, 2612 and 2614 tend to have very low levels of negatively geared property investments, opting instead for cash and other types of investments focused on capital gains.

— Residents of 2617 are most likely to have some cash and moderately geared property investments but tend to have no other forms of investments.

— Finally, postcodes 2609, 2900, 2904, 2911, 2912, 2913 and 2914 have high proportions of investors with negatively geared property but who tend to have relatively little cash or other forms of investments.


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20 Responses to Follow the money – Canberra postcodes mapped for wealth
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I-filed I-filed 1:11 pm 16 Dec 10

Johnboy, you’ve never started a thread where people can boast about the only status symbol these days: how many children they can afford …. and I think we’ll find that the big families are clustered in the very poor and very rich suburbs … with few in Curtin & Dickson …

DeadlySchnauzer DeadlySchnauzer 11:37 am 16 Dec 10

georgesgenitals said :

It’s worth being careful about confusing high gearing with investment sophistication. High gearing has it’s place. Sophisticated investors understand the risks the take, and make investment decisions within the context of their overall position and strategy.

Very true. And actually upon closer reading the report does make that distinction… the sophisticated investor definition includes highly geared property investors who also have a mix of other investments.

On the other hand it also defines “Property Centric” investors (yellow on the map) who have highly geared property and not much else. Its kinda interesting that this investor type is almost exclusively concentrated in gunghalin… all joking aside I would have thought they would be a bit more widely spread.

georgesgenitals georgesgenitals 9:39 am 16 Dec 10

arescarti42 said :

DeadlySchnauzer said :

I would argue that people who are highly geared in investment property are actually the exact opposite of a sophisticated investor.

You’ve got to wonder.

“Sophisticated investors (ie. with cash, highly geared investment properties as well as other investments delivering strong capital gains)”

Highly geared investment properties and focusing on capital gains screams of high risk investors to me, not necessarily sophisticated investors. Heavy gearing amplifies losses just as much as it amplifies gains.

It’s worth being careful about confusing high gearing with investment sophistication. High gearing has it’s place. Sophisticated investors understand the risks the take, and make investment decisions within the context of their overall position and strategy.

For example, someone who already has several million dollars worth of invested assets with little or no debt could soak up the risk of a $600k growth oriented property bought entirely with borrowed funds far more easily than someone with few or no assets.

Of course, there are plenty of people who have highly geared investments but no idea as to an overall strategy.

Gungahlin Al Gungahlin Al 8:59 am 16 Dec 10

The postcode map is screwy with regard to 2912 and 2914.

Jungle Jim Jungle Jim 7:48 am 16 Dec 10

2604 said :

Thoroughly Smashed said :

Jungle Jim said :

Seems I and my wife buck the ATO findings in 2903.

Okay.

+1

Bragging about one’s investments (esp. property investments) is a Thing White Canberra People Like.

Hey, no bragging here. Just saying that we’ve got investments, be they property or share market. The trend we’re bucking is the “least likely to have investments”… nothing to do with bragging about wealth. As a matter of fact, I wouldn’t say we’re too much better off than the majority of Canberra.

arescarti42 arescarti42 12:41 am 16 Dec 10

DeadlySchnauzer said :

I would argue that people who are highly geared in investment property are actually the exact opposite of a sophisticated investor.

You’ve got to wonder.

“Sophisticated investors (ie. with cash, highly geared investment properties as well as other investments delivering strong capital gains)”

Highly geared investment properties and focusing on capital gains screams of high risk investors to me, not necessarily sophisticated investors. Heavy gearing amplifies losses just as much as it amplifies gains.

Cletus 3 Cletus 3 10:50 pm 15 Dec 10

People, please, let’s not sink to the level of jealousy and bragging. This isn’t the forum for that. The appropriate thing to do is boast about your wealth in person, after all the-riotact is anonymous, so nobody really knows who you are here.

Also accepted is to build a giant monstrosity house to within an inch of the borders of your tiny block. Bonus points if it is cheaply built, painted a stupid colour, and has some “edgy” cookie-cutter architecture such as various sizes and heights of squares. A giant garage is a plus, but be sure to park your new commodore and the missus’s car in the driveway. If any of your neighbours are catching up in credit card fueled opulence, a giant boat out the front that you never use will keep you ahead of the game.

trickyxr trickyxr 9:39 pm 15 Dec 10

What a load of Crap Johnboy. why not post all of the infomation as in the colour graph.

WonderfulWorld WonderfulWorld 9:00 pm 15 Dec 10

Johnboy clearly wanted to stir trouble with this one. I’m not buying (excuse the pun).

2604 2604 8:57 pm 15 Dec 10

Thoroughly Smashed said :

Jungle Jim said :

Seems I and my wife buck the ATO findings in 2903.

Okay.

+1

Bragging about one’s investments (esp. property investments) is a Thing White Canberra People Like.

I-filed I-filed 7:10 pm 15 Dec 10

Johnboy – you knew darn well the Charnies and Gungahlinites with a one-beddie investment property in Rooty Hill and another one in Galong would come out complaining that their postcode has been misrepresented! Troublemaker!

For the record: 2601 and zero investments

basketcase basketcase 4:52 pm 15 Dec 10

I apparently belong to the “Laggards” group. So, courtesy of Google, “What is a laggard”

dawdler: someone who takes more time than necessary; someone who lags behind, or

A person who is a laggard should not go for walks with a group, because he/she will hold everyone back.

I wonder how that applies to investment data.

He looked lovingly into her eyes and asked, “Where do you live?”
She blinked, and blinked again, then slowly said “I live in the Laggard lands, will you help me escape to the dark brown lands.”

georgesgenitals georgesgenitals 1:27 pm 15 Dec 10

I live in a suburb which seems more about trying to show off how much money you think you have. I’m quite happy with what I have, though.

(My property investments, incidentally, are mostly in the darkest coloured suburbs on that map).

Kerryhemsley Kerryhemsley 1:09 pm 15 Dec 10

Don’t need an ATO map to tell us that the outer burbs i.e Tuggers and Gungahlin have less wealth. Consistent with most cities around the world.

Thoroughly Smashed Thoroughly Smashed 12:31 pm 15 Dec 10

Jungle Jim said :

Seems I and my wife buck the ATO findings in 2903.

Okay.

DeadlySchnauzer DeadlySchnauzer 12:26 pm 15 Dec 10

I would argue that people who are highly geared in investment property are actually the exact opposite of a sophisticated investor.

Jivrashia Jivrashia 12:14 pm 15 Dec 10

Investment property??
Why would I want to break my back over the chores of looking after another property?

Me and my share portfolio are doing just fine thank you very much.

I live in Macgregor said :

Are there other maps which illustrate other aspects of “wealth” apart from “investment habits” such as income, assets, etc.?

The data (numbers) is readily available from ABS, all the way down to data per suburb (compared to postcode). If you have enough time you can collate the data and create your own Canberra wealth map.

Here’s a starting point.

I live in Macgregor I live in Macgregor 11:19 am 15 Dec 10

That’s very interesting Johnboy. This is a great example of how new media can provide timely information and news in a better way than traditional media like print, radio and TV. Well done.

I noticed the actual maps is titled “Canberra’s Investment Habits by Postcode” rather than “Follow the money – Canberra postcodes mapped for wealth”. Are there other maps which illustrate other aspects of “wealth” apart from “investment habits” such as income, assets, etc.?

watto23 watto23 9:51 am 15 Dec 10

Seems I and my wife buck the ATO findings in 2903.

Agreed, I’m in 2905, but there are some wide ranging suburbs in some of these postcodes. I’d also find if hard to believe in the inner suburbs that a large majority bought there many years ago and are still there, with very little extra wealth other than their house/land.

Jungle Jim Jungle Jim 9:33 am 15 Dec 10

Seems I and my wife buck the ATO findings in 2903.

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