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Downer
AREA REPORTS

Downer

Downer - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2602

house
unit

Property investments in DOWNER did not fare well against the rest of the country last year, registering a median home price decrease of 15.61%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains DOWNER, 2602 saw average growth in the long term.

Real estate investors could earn a rental income of $600 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 65.0 days.

Besides that, the Australian suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $942,250.

DOWNER ranks 70th on the list of best yielding suburbs for rental properties in ACT, posting a 3.31% return.

Data report can be found below

Downer
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $942,250 $422,000
GROWTH REPORT
Median Quarterly 6.47% -4.31%
Median 12 month 15.61% -8.76%
Median 3 years 11.57% 0.48%
Median 5 years 38.49% -10.21%
10 years average annual 4.79% 7.03%
Weekly media advert. rent $600 $400
Time on Market 65.0 days 0.0 days
Gross Rental Yield Percent 3.31% 4.93%
demographics (median values)*
Total Population
30450
Weekly Household Income
1930
Household Size
2.40
Age
36
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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