Suburb Profile Report for Turner ACT (2612)

Turner House: Median price $1,373,500, Annual capital growth 8.04%, Number of sales 12, Weekly median advertised rent $525

Turner Unit: Median price $465,000, Annual capital growth 2.96%, Number of sales 141, Weekly median advertised rent $435

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

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  • House Report
  • Unit Report

If you compare the increase in value of investment property in Turner, 2612 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 44.96%.

The five-year average increase in median property values for Turner,2612 has given property investors a potential capital gain of 44.20% across each of those five years.

A $525 per week rent on the median house gives suburb investors a gross yield of circa 1.99%, without taking into account capital value appreciation, which has been averaging out at 8.04%.

Over the last year, property investments in Turner, 2612 have given investors a capital gain of -1.59%. This compares badly with the 1.04% for ACT as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Turner has increased when compared to the 5 year average annual rate.

Turner, 2612 is offering ACT ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this ACT.

Residents and property investors in Turner have been waiting around 104.81 days to sell a property.

Renters in Suburb are facing rents around $5220 per annum or $435 every week.

HOUSE UNIT
$1,373,500 $465,000
N/A -3.13%
44.96% -1.59%
8.04% 2.96%
$525 $435
12 141
1.99% 4.86%
N/A 104.81

Source: Property Value by CoreLogic. Click here to get a list of the top suburbs for capital growth potential. Enter code YIP10 at checkout for 10% off premium subscription.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 3595
Median household income ($/weekly) 1954
Median age of persons 30
Median housing loan repayment ($/monthly) 2297
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 559 15.5
    25-34 years 1174 32.7
    35-44 years 481 13.4
    45-54 years 402 11.2
    55-64 years 297 8.3
    Others 682 19.0
    Age Group
    Census Count Percent(%)
    Not Married 1547 54.2
    Registered Married 806 28.3
    Defacto Relationship 499 17.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2219 67.8
    Croatia 103 3.1
    Indonesia 58 1.8
    United Kingdom 138 4.2
    Other 268 8.2
    Others 487 14.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 105 3.4
    Christianity 1409 45.3
    Hinduism 56 1.8
    Islam 75 2.4
    No Religion 1423 45.7
    Others 44 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 214 14.2
    $2,000-$2,499 119 7.9
    $2,500-$2,999 256 17.0
    $3,000-$3,499 129 8.6
    $4,000 or more 166 11.0
    Others 619 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1702 56.0
    Not in the labour force 677 22.3
    Employed, worked part-time 460 15.1
    Employed, away from work 114 3.8
    Unemployed, looking for work 87 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 398 17.5
    Professionals 1025 45.0
    Technicians & trades workers 119 5.2
    Community & personal service workers 163 7.2
    Clerical & administrative workers 349 15.3
    Others 225 9.9
    Occupation
    Census Count Percent(%)
    Infants/Primary 90 9.9
    Secondary 94 10.3
    Technical or Further Educational Institution 92 10.1
    University or other Tertiary Institutions 581 63.9
    Other type of educational institution 35 3.9
    Others 17 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1987 62.4
    Separate house 878 27.6
    Semi-detached, row or terrace house, townhouse 317 10.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1048 63.6
    Being purchased 341 20.7
    Fully owned 253 15.3
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals