Suburb Profile Report for O'connor ACT (2602)

O'connor House: Median price $965,000, Annual capital growth 7.37%, Number of sales 45, Weekly median advertised rent $550

O'connor Unit: Median price $462,000, Annual capital growth 2.07%, Number of sales 49, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property investors who have had real estate in O'connor, 2602 should be relatively 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 7.52%

A 27.81% growth in median value for property investors in O'connor,2602 puts this suburb at number 37th in terms of best performing suburbs in ACT

Sellers are offering property buyers an average discount of -2.83% to buyers in O'connor at the moment, which is less than average for the rest of ACT.

O'connor, 2602’s gross rental yield is 2.96%

O'connor, 2602 ranked 9th in ACT when comparing growth in median property values or capital gain over the last 12 months. O'connor is one of 126 in our list for ACT

The five-year average increase in median property values for O'connor,2602 has given property investors a potential capital gain of 2.67% across each of those five years.

Our latest figures would indicate that property sellers in O'connor are currently offering property investors an average price cut of -3.36% below the asking price at the moment.

With the median price for a house in O'connor being $462000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 5.06%

Information supplied by:


March 2017

M
O

W
E
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

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
Metrics i HOUSE UNIT
$965,000 $462,000
2.12% 0.98%
7.52% 12.00%
7.37% 2.07%
$550 $450
45 49
2.96% 5.06%
34.3 93.38

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in O'connor ACT
Demographics
Total population 5251
Median household income ($/weekly) 1982
Median age of persons 35
Median housing loan repayment ($/monthly) 2422
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 573 10.9
    20-24 years 552 10.5
    25-34 years 873 16.6
    35-44 years 809 15.4
    45-54 years 749 14.3
    Others 1696 32.3
    Age Group
    Census Count Percent(%)
    Not Married 1936 48.8
    Registered Married 1501 37.8
    Defacto Relationship 532 13.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3757 74.8
    Greece 77 1.5
    Papua New Guinea 84 1.7
    United Kingdom 235 4.7
    Other 303 6.0
    Others 567 11.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 166 3.5
    Christianity 1979 42.0
    Islam 80 1.7
    Other Religious Groups 66 1.4
    No Religion 2373 50.3
    Others 52 1.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 183 10.3
    $2,000-$2,499 140 7.9
    $2,500-$2,999 243 13.6
    $3,000-$3,499 177 9.9
    $4,000 or more 228 12.8
    Others 811 45.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1796 43.0
    Not in the labour force 1179 28.2
    Employed, worked part-time 897 21.5
    Employed, away from work 179 4.3
    Unemployed, looking for work 127 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 456 15.9
    Professionals 1243 43.3
    Technicians & trades workers 168 5.9
    Community & personal service workers 243 8.5
    Clerical & administrative workers 436 15.2
    Others 325 11.3
    Occupation
    Census Count Percent(%)
    Pre-school 82 5.0
    Infants/Primary 380 23.3
    Secondary 311 19.1
    Technical or Further Educational Institution 95 5.8
    University or other Tertiary Institutions 725 44.5
    Others 35 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4234 85.6
    Flat, unit or apartment 417 8.4
    Semi-detached, row or terrace house, townhouse 290 5.9
    Caravan, cabin, houseboat 3 0.1
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 823 41.5
    Fully owned 595 30.0
    Being purchased 557 28.1
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals