O'connor, 2602 ranked 44th 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
While O'connor,2602 ranked number 18th in ACT for increase in median house value (annualised) increase, it is ranked 15th over the last 5 years.
Property investors looking for a bargain in O'connor should be aiming for at least -4.45% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 2.48km from the CBD, O'connor is one of Unincorporated ACT localities in the postcode 2602.
ACT has seen average median house prices change by 2.54% which means that O'connor, 2602 has done well for property investors by showing a capital gain of -16.14% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, O'connor comes in at number 64th in ACT.
O'connor2602 is located in ACT which offers an average discount of -4.04% to property investors. O'connor itself is showing figures that indicate -2.46% is the average achievable by property buyers investing in the suburb.
Situated 2.03km from the CBD, O'connor is one of Unincorporated ACT localities in the postcode 2602.
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