Suburb Profile Report for Downer ACT (2602)

Downer House: Median price $735,000, Annual capital growth 6.46%, Number of sales 53, Weekly median advertised rent $473

Downer Unit: Median price $525,000, Annual capital growth 19.51%, Number of sales 16, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$735,000 $525,000
1.38% 19.32%
12.73% 11.11%
6.46% 19.51%
$473 $335
53 16
3.34% 3.32%
47 87.2

Source: CoreLogic

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