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Turner
AREA REPORTS

Turner

Turner - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2612

unit
TURNER ranks 15th in ACT when it comes to estimated capital gains experienced by property investors over the past three years.

TURNER, 2612 has a capital gain of 6.2% for the past year, which is higher than average compared to its 5.43% growth within a five-year period.

With the median home price in TURNER sitting at $505,000, and the average rent at $485, property owners could potentially earn a 4.99% increase in gross rental yield.

Property investors have seen a 3.06% gain in TURNER based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that TURNER, 2612 obtained a 0.65% growth over a ten-year period. It ranks 1434th on our list of suburbs that property investors should look into.

Surburb overview

Turner is a suburb situated on the north-west of Civic and bounded by Barry Drive, David Street, and Northbourne Avenue. Gazetted in 1928, the suburb was named after Australian politician George Turner, who was one of the founders of the constitution. The suburb's street names were taken after writers, pioneers and politicians.

Turner was one of the first Canberran suburbs that had implemented the garden city design. This meant that power lines were concealed at the back of houses to keep streetscapes uncluttered. Streetlamps were lower in height and estates featured service lanes.

Demographics

Turner's population numbers 4,000, with a median age of 31 years, based on latest census data. The majority of its residents were originally from Australia, while the rest were born in China, England, India, Vietnam and New Zealand.

Portfolio of properties in Turner

Compared with other suburbs close to the city centre, Turner’s real estate market is still one of the most affordable in Canberra. Among new developments is a luxurious apartment block along Forbes with beautiful views of the Brindabella Range and Civic.

Turner has a slightly higher than usual rate of unoccupied properties, at 11 per cent. A huge chunk of Turner's housing stock consists of rental properties, while owned properties are just over 30 per cent.

Data report can be found below

Turner
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price N/A $505,000
GROWTH REPORT
Median Quarterly N/A 3.06%
Median 12 month N/A 6.2%
Median 3 years N/A 4.12%
Median 5 years N/A 5.43%
10 years average annual N/A 0.65%
Weekly media advert. rent N/A $485
Time on Market N/A 79.5 days
Gross Rental Yield Percent N/A 4.99%
demographics (median values)*
Total Population
16184
Weekly Household Income
2004
Household Size
2.00
Age
30
Monthly Loan Repayment
2058
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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