Downer is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2602). With a population of 4,296, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $118K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Downer is $1.2 million, having declined 3.1% over the past 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 offers a gross rental yield of 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.
Downer is a smaller suburb in Australian Capital Territory within the Unincorporated ACT local government area (postcode 2602). With a population of 4,296, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $118K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Downer is $1.2 million, having declined 3.1% over the past 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 offers a gross rental yield of 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.