Suburb Profile Report for Turner ACT (2612)

Turner House: Median price $1,283,000, Annual capital growth 7.50%, Number of sales 18, Weekly median advertised rent $455

Turner Unit: Median price $439,900, Annual capital growth 1.75%, Number of sales 127, Weekly median advertised rent $450

  • 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 Turner, 2612 should be ok 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 4.52%

Over the longer term, Turner has seen property prices show investors a 32.95% return over the last 3 years. This is worse than over the last 12 months

Property value increases in Turner have tracked just lower than the ACT average of -1.57% over the last 12 months.

The five-year average increase in median property values for Turner,2612 has given property investors a potential capital gain of -7.87% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Turner, 2612. Typically our figures indicate that -3.75% is being offered, which puts this ACT suburb at 1167th most discounted overall in Australia.

A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.32%, without taking into account capital value appreciation, which has been averaging out at 1.75%.

HOUSE UNIT
$1,283,000 $439,900
-1.31% -4.37%
4.52% -9.30%
7.50% 1.75%
$455 $450
18 127
1.84% 5.32%
N/A 85

Source: CoreLogic

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