Suburb Profile Report for Turner ACT (2612)

Turner House: Median price $1,520,000, Annual capital growth 6.48%, Number of sales 14, Weekly median advertised rent $610

Turner Unit: Median price $485,250, Annual capital growth 1.51%, Number of sales 119, Weekly median advertised rent $500

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Turner, 2612 have given investors a capital gain of 8.57%. This compares very favourably with the 4.81% for ACT as a whole.

Using the current median advertised rental of $610 and the average annual increase in value of a median property of 6.48%, investors should hope to achieve an overall return of 2.09%

Giving property investors a an unimpressive capital gain of -3.34% for the last year, Turner, 2612 is the 1044th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Turner,2612 has racked up an average of -3.34% over the period. This ranks it number 962th in the whole country for real estate investors looking at median house price increases.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.95% offered to property buyers. Sellers in Turner itself are offering an average vendor discount of -4.30% to real estate investors.

At number 640 in a list of fastest selling suburbs, Turner is just in the top half of suburbs in Australia with an average of days on market 75.1829 for properties listed there.

Metrics i HOUSE UNIT
$1,520,000 $485,250
-2.72% 7.83%
8.57% -3.34%
6.48% 1.51%
$610 $500
14 119
2.09% 5.36%
N/A 75.1829268292683

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Above average (U)
Find a mortgage broker in Turner ACT
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
Chart Table