With a capital gain of 11.61% for the last 12 months, Downer, 2602 has performed for property investments than its average annual 6.61% property growth over the last 5 years.
Downer,2602 was ranked 2873 in Australia by increase in median property value over the quarter.
The most recent median price for Downer is $752500, with sellers offering an average of -2.23% off the asking price.
Often selling an investment property can take time, and in Downer the average time real estate has been on the market is 34.54 days.
If you compare the increase in value of investment property in Downer, 2602 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -8.51%.
While Downer,2602 ranked number 44th in ACT for increase in median house value (annualised) increase, it is ranked 62th over the last 5 years.
Our latest figures would indicate that property sellers in Downer are currently offering property investors an average price cut of -4.18% below the asking price at the moment.
The ACT suburb of Downer, 2602 is in the Unincorporated ACT local government area.