At number 2776th in the list of Australian suburbs ordered by increase in median house value over the last year, O'connor, 2602 is in the BOTTOM 40% with a property value increase of 1.77% recorded in median house prices.
Taking the average capital gain, or increase in median house value, O'connor,2602 has racked up an average of 1.77% over the period. This ranks it number 1120th in the whole country for real estate investors looking at median house price increases.
O'connor, 2602 is offering ACT ‘s 20th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this ACT.
Renters in Suburb are facing rents around $6780 per annum or $565 every week.
O'connor has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -10.16% to date .
O'connor,2602 was ranked 1551 in Australia by increase in median property value over the quarter.
Vendor discounting in O'connor is giving property investors an average Vendor Discount of around -2.76%. This puts suburb at number 38th in ACT when ranking the most discounted suburbs.
O'connor is 5th on a list of best yielding suburbs for rents in ACT with a 5.88% return
The North Canberra suburb of O’Connor has experienced a great boost in its rental market, particularly for studio and one-bedroom units.Full summary
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Median unit price: $350,000
Rental yield: 5.34%
The North Canberra suburb of O’Connor has experienced a great boost in its rental market, particularly for studio and one-bedroom units.
Prices have remained consistent, while rent rates soared by 12.5%, alluding to O’Connor’s popularity with tenants. In fact, average vacancy rate fell sharply from a high 2.7% to a low 1.9%.
The main factor may be O’Connor’s affordability relative to its location, given that it is just 3km from Canberra. This puts it in close proximity to the Australian National University and Canberra Centre, which can be reached by bus and car. O’Connor is also near a nature reserve that links this suburb with the suburb of Bruce.
Within O’Connor itself, there is a shopping centre that includes a bar, restaurants, a pharmacy and a grocery store. The local playing fields also host games of soccer, rugby and cricket.Close