Based on its average 5-year and quarterly capital gains O'CONNOR, 2602 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that O'CONNOR, 2602 obtained a 7.11% growth over a ten-year period. It ranks 912th on our list of suburbs that property investors should look into.
O'CONNOR, 2602 in ACT belongs to the local government area of Unincorporated ACT.
O'CONNOR, 2602 has a capital gain of 21.24% for the past year, which is higher than average compared to its 56% growth within a five-year period.
With the median home price in O'CONNOR sitting at $1,170,000, and the average rent at $575, property owners could potentially earn a 2.56% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in O'CONNOR are low, as opposed to average gains per annum over the past five years.
A 21.24% increase in median property prices in O'CONNOR, 2602 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 3rd.
Homeowners and real estate investors betting on O'CONNOR, 2602 can rest assured about this ACT suburb's performance. The suburb saw median home prices rise by 22.77%.
A steady increase in median property prices over a five-year period in O'CONNOR, 2602 translates to a 10.75% capital gain.
Property investors enjoyed capital gains of 22.77% over the last 12 months in O'CONNOR, translating to lower returns compared with its peers in ACT.
O'CONNOR, 2602 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $515,000.
Profits due to an upward trend in home prices in O'CONNOR, 2602 averaged 3.58% per annum over a 3-year period.
Home owners selling their properties and realtors in O'CONNOR usually have to wait an average of 78.7 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $440 mark, reflecting a 4.44% increase in returns based on the current median price in O'CONNOR.
O'CONNOR, 2602 places 47th in Australia based on median property value growth during the quarter.