Suburb Profile Report for O'connor ACT (2602)

O'connor House: Median price $952,500, Annual capital growth 7.19%, Number of sales 39, Weekly median advertised rent $530

O'connor Unit: Median price $497,000, Annual capital growth 3.07%, Number of sales 44, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit 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 8.18%

If we look at median property appreciation over just the last three months, O'connor has given property investors a paper return of 1.06%. This puts Suburb as 50 on a list of fastest fasting appreciating suburbs in ACT

In the last year 39 properties changed hands in O'connor, which puts it as the 47th most active market in ACT when comparing the number of sales per suburb.

Using the current median advertised rental of $530 and the average annual increase in value of a median property of 7.19%, investors should hope to achieve an overall return of 2.89%

Property investors who have had real estate in O'connor, 2602 should be 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 26.14%

When looking at the potential capital gains offered to property investors over the last 3 years, O'connor comes in at number 18th in ACT.

The most recent median price for O'connor is $497000, with sellers offering an average of -3.36% off the asking price.

With the median price for a house in O'connor being $497000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.60%

HOUSE UNIT
$952,500 $497,000
1.06% 0.91%
8.18% 26.14%
7.19% 3.07%
$530 $440
39 44
2.89% 4.60%
N/A 99

Source: CoreLogic

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