O'connor is an average performer in ACT when comparing median price capital growth over the last year. O'connor gave property investors a average capital gain figure when compared to the rest of the state, with 7.14%.
If we look at median property appreciation over just the last three months, O'connor has given property investors a paper return of 2.77%. This puts Suburb as 35 on a list of fastest fasting appreciating suburbs in ACT
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.22% offered to property buyers. Sellers in O'connor itself are offering an average vendor discount of -2.83% to real estate investors.
Residents and property investors in O'connor have been waiting around 34.3 days to sell a property.
Situated 2.55km from the CBD, O'connor is one of Unincorporated ACT localities in the postcode 2602.
Investment property in O'connor has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.38%
While O'connor,2602 ranked number 58th in ACT for increase in median house value (annualised) increase, it is ranked 50th over the last 5 years.
O'connor, 2602 is offering ACT ‘s 29th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this ACT.
Residents and property investors in O'connor have been waiting around 99.28 days to sell a property.
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
Information supplied by:
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