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 11.11%.
Over the longer term, Downer has seen property prices show investors a 32.67% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Downer should be aiming for at least -1.14% off the asking price, which is the average vendor discount being achieved at the moment.
Downer, 2602’s gross rental yield is 3.15%
Downer has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -2.27% to date .
Downer,2602 was ranked 1029 in Australia by increase in median property value over the quarter.
Situated 3.64km from the CBD, Downer is one of Unincorporated ACT localities in the postcode 2602.