At number 753th in the list of Australian suburbs ordered by increase in median house value over the last year, Downer, 2602 is in the top 20% with a property value increase of 12.93% recorded in median house prices.
Comparing Downer,2602 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Downer is giving property investors an average Vendor Discount of around -1.49%. This puts suburb at number 60th in ACT when ranking the most discounted suburbs.
Situated 3.98km from the CBD, Downer is one of Unincorporated ACT localities in the postcode 2602.
With a capital gain of -5.26% for the last 12 months, Downer, 2602 has performed for property investments than its average annual 17.78% property growth over the last 5 years.
Downer,2602 was ranked 238 in Australia by increase in median property value over the quarter.
At number 31th of ACT’s most discounted properties, Downer is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 17.78%, investors should hope to achieve an overall return of 3.47%