Suburb Profile Report for Downer ACT (2602)

Downer House: Median price $747,500, Annual capital growth 6.47%, Number of sales 44, Weekly median advertised rent $460

Downer Unit: Median price $429,975, Annual capital growth 19.49%, Number of sales 14, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

HOUSE UNIT
$747,500 $429,975
2.40% -4.45%
12.83% -15.69%
6.47% 19.49%
$460 $330
44 14
3.20% 3.99%
46.35 100

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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