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O'malley

POSTAL CODE: ACT, 2606
HOUSE

A survey of average capital gains or median home price increase in suburbs across the country shows that the ACT suburb obtained a 7.8% growth over a ten-year period. It ranks 1366th on our list of suburbs that property investors should look into.

O'MALLEY, 2606 has a capital gain of -19.15% for the past year, which is lower than average compared to its 32.68% growth within a five-year period.

With the median home price in O'MALLEY sitting at $2,375,000, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

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

O'MALLEY, 2606 in ACT belongs to the local government area of Unincorporated ACT.

Surburb overview

The diplomatic suburb of O'Malley belongs to the district of Woden Valley in the capital city of Canberra, ACT. It was named after King O'Malley, who was a leading political personality in Australia during its Federation days and was responsible for inspiring a competition for designing Canberra.

Located within a quick drive to the centre and Parliament House, O’Malley is recognised as a home to 25 embassies and high commissions. O’Malley is among the most diverse neighbourhoods in Australia — according to census data, O'Malley is one of the top five cities in Canberra with the highest percentage of residents born abroad.

Strategic location

Though its population only numbers below a thousand, O'Malley is one of the best areas in Canberra to live in, and is well-serviced with a number of lifestyle amenities and public facilities within reach. The Canberra Hospital is also a short drive away and so are the entertainment and leisure hubs in nearby suburbs.

Like its Canberran peers, O'Malley has a wealth of hiking destinations, such as the Mount Mugga Mugga Nature Reserve. Red Hill and Davidson Hill is also a stone’s throw away, as well as the Woden Valley. Other tourism points of interest near O'Malley are just a few minutes of drive away, which include the Canberra Glassworks, Royal Australian Mint, the Old Bus Depot Markets, and the St. Paul's Church.

The asking price for most houses for sale in O'Malley range between $900,000 and nearly $4 million. Surprisingly, despite skyrocketing prices, demand is quite high in this prestigious suburb, with the average visits per property in the suburb exceeding that of the average for the entire state.

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