O'connor is in the TOP 10% in ACT when comparing median price capital growth over the last year. O'connor gave property investors a very good capital gain figure when compared to the rest of the state, with 18.27%.
O'connor,2602 has offered an average of 18.27% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in O'connor are currently offering property investors an average price cut of -4.45% below the asking price at the moment.
Often selling an investment property can take time, and in O'connor the average time real estate has been on the market is 91.53 days.
O'connor, 2602’s gross rental yield is 2.80%
O'connor is in the bottom 20% in ACT when comparing median price capital growth over the last year. O'connor gave property investors a dismal capital gain figure when compared to the rest of the state, with -14.52%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in O'connor has fallen somewhat when compared to the 5 year average annual rate.
At number 25th of ACT’s most discounted properties, O'connor is in the middle of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $460 mark per week – giving a return of 5.68% based on the median price in Suburb
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