Suburb Profile Report for O'connor ACT (2602)

O'connor House: Median price $1,260,000, Annual capital growth 7.88%, Number of sales 67, Weekly median advertised rent $570

O'connor Unit: Median price $520,000, Annual capital growth 3.96%, Number of sales 48, Weekly median advertised rent $440

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

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Property value increases in O'connor have tracked higher than the ACT average of 5.42% over the last 12 months.

If we look at median property appreciation over just the last three months, O'connor has given property investors a paper return of 0.43%. This puts Suburb as 49 on a list of fastest fasting appreciating suburbs in ACT

O'connor2602 is located in ACT which offers an average discount of -3.62% to property investors. O'connor itself is showing figures that indicate -7.08% is the average achievable by property buyers investing in the suburb.

At number 1762 in a list of fastest selling suburbs, O'connor is just in the top half of suburbs in Australia with an average of days on market 70.61 for properties listed there.

A $560 per week rent on the median house gives suburb investors a gross yield of circa 2.48%, without taking into account capital value appreciation, which has been averaging out at 7.23%.

Property value increases in O'connor have tracked higher than the ACT average of 1.45% over the last 12 months.

Across a shorter period, O'connor, 2602 has seen a median price increase of -6.48% over the last quarter.

O'connor, 2602 is offering ACT ‘s 17th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this ACT.

Residents and property investors in O'connor have been waiting around 78.6 days to sell a property.

Information supplied by:


March 2017

M
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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.

Metrics i HOUSE UNIT
$1,260,000 $520,000
7.46% 0.97%
20.00% -3.70%
7.88% 3.96%
$570 $440
67 48
2.35% 4.40%
61.533333333 78.5625

Source: Monthly data update for Jun 2019 as supplied by CoreLogic. Data is reported to the period ending Mar 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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