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.