Property investors who have had real estate in Downer, 2602 should be pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.73%
While Downer,2602 ranked number 29th in ACT for increase in median house value (annualised) increase, it is ranked 18th 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 -1.49% below the asking price at the moment.
Residents and property investors in Downer have been waiting around 47 days to sell a property.
A $472.5 per week rent on the median house gives suburb investors a gross yield of circa 3.34%, without taking into account capital value appreciation, which has been averaging out at 6.46%.
ACT has seen average median house prices change by -1.01% which means that Downer, 2602 has not done well for property investors by showing a capital gain of 11.11% over the last year
Taking the average capital gain, or increase in median house value, Downer,2602 has racked up an average of 11.11% over the period. This ranks it number 42th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Downer is giving property investors an average Vendor Discount of around -2.04%. This puts suburb at number 41th in ACT when ranking the most discounted suburbs.
In the last year 16 properties changed hands in Downer, which puts it as the 60th most active market in ACT when comparing the number of sales per suburb.
The ACT suburb of Downer, 2602 is in the Unincorporated ACT local government area.