Suburb Profile Report for Turner ACT (2612)

Turner House: Median price $1,278,000, Annual capital growth 8.10%, Number of sales 25, Weekly median advertised rent $470

Turner Unit: Median price $450,000, Annual capital growth 1.78%, Number of sales 109, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Turner has had a very poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of -6.17% to date .

While Turner,2612 ranked number 76th in ACT for increase in median house value (annualised) increase, it is ranked 11th over the last 5 years.

Situated 1.16km from the CBD, Turner is one of Unincorporated ACT localities in the postcode 2612.

Property value increases in Turner have tracked just lower than the ACT average of -0.94% over the last 12 months.

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.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.08% offered to property buyers. Sellers in Turner itself are offering an average vendor discount of -2.54% to real estate investors.

Advertised rents are around the $440 mark per week – giving a return of 5.08% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,278,000 $450,000
-4.80% 2.30%
-6.17% -6.64%
8.10% 1.78%
$470 $440
25 109
1.91% 5.08%
N/A 90.25

Source: CoreLogic

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