Suburb Profile Report for Downer ACT (2602)

Downer House: Median price $780,000, Annual capital growth 6.93%, Number of sales 43, Weekly median advertised rent $475

Downer Unit: Median price $429,950, Annual capital growth 30.26%, Number of sales 13, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 575th 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 15.49% recorded in median house prices.

Across a shorter period, Downer, 2602 has seen a median price increase of 4.35% over the last quarter.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.22% offered to property buyers. Sellers in Downer itself are offering an average vendor discount of -3.16% to real estate investors.

Often selling an investment property can take time, and in Downer the average time real estate has been on the market is 32.72 days.

Downer, 2602’s gross rental yield is 3.17%

Giving property investors a a poor capital gain of -8.52% for the last year, Downer, 2602 is the 1532th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Downer,2602 has racked up an average of -8.52% over the period. This ranks it number 191th in the whole country for real estate investors looking at median house price increases.

Downer, 2602 is offering ACT ‘s 31th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this ACT.

Often selling an investment property can take time, and in Downer the average time real estate has been on the market is 116.91 days.

The ACT suburb of Downer, 2602 is in the Unincorporated ACT local government area.

Metrics i HOUSE UNIT
$780,000 $429,950
4.35% -0.01%
15.49% -8.52%
6.93% 30.26%
$475 $370
43 13
3.17% 4.47%
32.72 116.91

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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