OFF MARKET

524 Northbourne Avenue
Downer ACT 2602

Bedrooms: 19
Bathrooms: 15
Car spaces: -
Land area: 841m2
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Property Details for 524 Northbourne Ave, Downer

524 Northbourne Ave, Downer is a 19 bedroom, 15 bathroom House. The property has a land size of 841m2. While the property is not currently for sale or for rent, it was last transferred in August 1993.

Building Type
House
Land Size
841m2
Local Government
Canberra Central
Lot/Plan
DOWNER: Block 12, Section 34

Last Listing description (April 2024)

Blue and White and Canberran Lodge - 524 & 528 Northbourne Avenue

These iconic properties operate as one enterprise and are strategically positioned along the light rail corridor and gateway to Canberra.

They comprise of 19 rooms and feature a reception area, dining room and large functional kitchen.

The Dickson shopping precinct is within walking distance catering for restaurants, cafes and featuring Chinatown.

Sports venues like tennis, hockey and netball centres are located across the road as well as the light rail linkage to the City which is within easy commuting access to the university and the Parliamentary Triangle.

This investment offers a golden opportunity to the astute buyer seeking to enter the lucrative accommodation industry.

Blue and White Lodge (524)
Facts
10 Rooms and 10 bathrooms
Age 1965
Size 369m2
Block 840m2
EER .5

Canberra Lodge (528)
Facts
9 Rooms and 5 bathrooms
Age 1967
Size 280m2
Block 724m2
EER .5

Property History for 524 Northbourne Ave, Downer, ACT 2602

A timeline of how this property has performed in the market
Last Transferred
26 Aug 1993
  • 29 Feb 2024
    Listed for Sale Price on Application
  • 17 Oct 2013
    Listed for Sale OFFERS
  • 01 Sep 2007
    Listed for Sale Not Disclosed
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About Downer 2602

The size of Downer is approximately 1.6 square kilometres. It has 10 parks covering nearly 8.9% of total area. The population of Downer in 2011 was 3,554 people. By 2016 the population was 3,653 showing a population growth of 2.8% in the area during that time. The predominant age group in Downer is 20-29 years. Households in Downer are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Downer work in a professional occupation. In 2011, 59.3% of the homes in Downer were owner-occupied compared with 57.3% in 2016.

Downer has 1,801 properties. Over the last 5 years, Houses in Downer have seen a 38.49% increase in median value, while Units have seen a 39.66% increase. As at 30 September 2024:

  • The median value for Houses in Downer is $1,131,199 while the median value for Units is $496,810.
  • Houses have a median rent of $700 while Units have a median rent of $500.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Downer on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Downer.

Suburb Insights for Downer 2602

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.