Suburb Profile Report for O'connor ACT (2602)

O'connor House: Median price $977,000, Annual capital growth 6.40%, Number of sales 43, Weekly median advertised rent $565

O'connor Unit: Median price $415,500, Annual capital growth 0.84%, Number of sales 50, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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

Information supplied by:


March 2017

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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
$977,000 $415,500
1.24% -5.57%
1.77% -10.16%
6.40% 0.84%
$565 $470
43 50
3.01% 5.88%
87.28 79.9

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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
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Recent sales & rentals