Downer is in the TOP 20% in ACT when comparing median price capital growth over the last year. Downer gave property investors a very good capital gain figure when compared to the rest of the state, with 12.83%.
The five-year average increase in median property values for Downer,2602 has given property investors a potential capital gain of 26.16% across each of those five years.
Sellers are offering property buyers an average discount of -1.49% to buyers in Downer at the moment, which is less than average for the rest of ACT.
With the median price for a house in Downer being $747500 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 3.20%
Giving property investors a a poor capital gain of -15.69% for the last year, Downer, 2602 is the 1663th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Downer has given property investors a paper return of -4.45%. This puts Suburb as 51 on a list of fastest fasting appreciating suburbs in ACT
Property buyers and investors in Downer 2602 should be seeing an average reduction in asking price of around -3.92% . This means that Downer is holding prices well when compared to other suburbs in ACT.
At number 1125 in a list of fastest selling suburbs, Downer is in the bottom 30% of suburbs in Australia with an average of days on market 100 for properties listed there.
Situated 2.26km from the CBD, Downer is one of Unincorporated ACT localities in the postcode 2602.