Downer (postcode 2602) is a smaller residential area in Australian Capital Territory within the Unincorporated ACT local government area. It is home to about 4,296 residents, with a blend of families and working-age professionals and a median age of 35. Households earn a median income of $118K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. ACT employment has moved -0.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. ACT also had 6 Commonwealth-backed major projects under construction, 1 underway, and 7 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward public admin & safety and professional services. The top ancestries reported are English, Australian, Irish.
Downer has a median house price of $1.2 million, which has moved lower by 3.1% year-on-year. Units have a median price of $710,000 (+30.2% YoY). The median weekly rent is $420 (Census 2021). This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,167.
Public transport access includes 23 bus stops. The crime rate in the Unincorporated ACT LGA is below average at 2,863 incidents per 100,000 population.
From an investment perspective, Downer shows a gross rental yield of approximately 1.9%, rated as low yield. Property prices are near the state median ($1.2M/$1.0M). The price-to-income ratio of 9.8x is considered moderate. House prices have moved -3.1% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.