Suburb Profile Report for Downer ACT (2602)

Downer House: Median price $745,000, Annual capital growth 6.43%, Number of sales 39, Weekly median advertised rent $483

Downer Unit: Median price $430,000, Annual capital growth 22.94%, Number of sales 15, Weekly median advertised rent $353

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Downer, 2602 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 11.07%.

If we look at median property appreciation over just the last three months, Downer has given property investors a paper return of 0.68%. This puts Suburb as 47 on a list of fastest fasting appreciating suburbs in ACT

At number 53th 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 $482.5 and the average annual increase in value of a median property of 6.43%, investors should hope to achieve an overall return of 3.37%

With a capital gain of -7.77% for the last 12 months, Downer, 2602 has performed for property investments than its average annual 22.94% property growth over the last 5 years.

Across a shorter period, Downer, 2602 has seen a median price increase of -2.27% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Downer, 2602. Typically our figures indicate that -4.18% is being offered, which puts this ACT suburb at 1034th most discounted overall in Australia.

Residents and property investors in Downer have been waiting around 89.61 days to sell a property.

Metrics i HOUSE UNIT
$745,000 $430,000
0.68% -2.27%
11.07% -7.77%
6.43% 22.94%
$483 $353
39 15
3.37% 4.26%
37.23 89.61

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 3554
Median household income ($/weekly) 1547
Median age of persons 35
Median housing loan repayment ($/monthly) 2167
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 362 10.2
    25-34 years 643 18.1
    35-44 years 586 16.5
    45-54 years 430 12.1
    55-64 years 315 8.9
    Others 1219 34.3
    Age Group
    Census Count Percent(%)
    Not Married 1292 48.5
    Registered Married 1022 38.4
    Defacto Relationship 349 13.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2401 71.7
    Croatia 105 3.1
    Papua New Guinea 47 1.4
    United Kingdom 181 5.4
    Other 218 6.5
    Others 398 11.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 156 4.9
    Christianity 1523 47.5
    Islam 35 1.1
    Other Religious Groups 31 1.0
    No Religion 1424 44.4
    Others 38 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 100 8.1
    $1,000-$1,249 108 8.8
    $1,500-$1,999 154 12.5
    $2,000-$2,499 98 8.0
    $2,500-$2,999 149 12.1
    Others 620 50.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1164 41.2
    Not in the labour force 879 31.1
    Employed, worked part-time 582 20.6
    Employed, away from work 116 4.1
    Unemployed, looking for work 81 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 285 15.3
    Professionals 620 33.4
    Technicians & trades workers 166 8.9
    Community & personal service workers 170 9.1
    Clerical & administrative workers 306 16.5
    Others 311 16.7
    Occupation
    Census Count Percent(%)
    Pre-school 52 5.4
    Infants/Primary 242 25.1
    Secondary 175 18.2
    Technical or Further Educational Institution 97 10.1
    University or other Tertiary Institutions 377 39.1
    Others 20 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2732 82.5
    Semi-detached, row or terrace house, townhouse 399 12.0
    Flat, unit or apartment 181 5.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 531 39.0
    Fully owned 417 30.6
    Being purchased 402 29.5
    Other tenure type 13 1.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals