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In July 2021, a CoreLogic study showed a record high gap between median house and unit prices in the Australian property...
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O'connorO'connor - SUBURB PROFILE REPORT
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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 6.54% growth over a ten-year period. It ranks 1269th 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 25.35% for the past year, which is higher than average compared to its 44.32% growth within a five-year period.
With the median home price in O'CONNOR sitting at $1,335,000, and the average rent at $670, property owners could potentially earn a 2.61% 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 25.35% 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 18th.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,335,000 | $437,500 |
| GROWTH REPORT | ||
| Median Quarterly | 4.09% | 1.74% |
| Median 12 month | 25.35% | -10.26% |
| Median 3 years | 15.09% | 4.17% |
| Median 5 years | 44.32% | -1.02% |
| 10 years average annual | 6.54% | 0.04% |
| Weekly media advert. rent | $670 | $480 |
| Time on Market | 88.3 days | 63.1 days |
| Gross Rental Yield Percent | 2.61% | 5.71% |
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