Suburb Profile Report for O'connor ACT (2602)

O'connor House: Median price $960,000, Annual capital growth 7.28%, Number of sales 41, Weekly median advertised rent $535

O'connor Unit: Median price $522,500, Annual capital growth 3.71%, Number of sales 47, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in O'connor have tracked just higher than the ACT average of 5.15% over the last 12 months.

O'connor,2602 has offered an average of 10.34% return per annum in house price rises to property investors over the last three years.

A $535 per week rent on the median house gives suburb investors a gross yield of circa 2.90%, without taking into account capital value appreciation, which has been averaging out at 7.28%.

At number 29th in the list of Australian suburbs ordered by increase in median house value over the last year, O'connor, 2602 is in the top 10% with a property value increase of 32.11% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, O'connor comes in at number 21th in ACT.

LACK OF BUYER INTEREST may well be the reason that O'connor is offering property investors an average of -4.08. This rate of discount on properties puts Suburb at number 27th in terms of most discounted suburbs in ACT

On average over the past year, suburb has had 3.92 sales per month, which equates to 47 per year.

O'connor is 56th on a list of best yielding suburbs for rents in ACT with a 4.38% return

HOUSE UNIT
$960,000 $522,500
1.86% 5.34%
10.34% 32.11%
7.28% 3.71%
$535 $440
41 47
2.90% 4.38%
N/A 93.3

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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