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%
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