Gordon is in the bottom 40% in ACT when comparing median price capital growth over the last year. Gordon gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.18%.
Taking the average capital gain, or increase in median house value, Gordon,2906 has racked up an average of 1.18% over the period. This ranks it number 2844th 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 -4.38% offered to property buyers. Sellers in Gordon itself are offering an average vendor discount of -4.03% to real estate investors.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 4.67%, without taking into account capital value appreciation, which has been averaging out at 2.81%.
If you compare the increase in value of investment property in Gordon, 2906 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was 4.11%.
The five-year average increase in median property values for Gordon,2906 has given property investors a potential capital gain of 2.70% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Gordon, 2906. Typically our figures indicate that -5.50% is being offered, which puts this ACT suburb at 631th most discounted overall in Australia.
Property investors should expect to get $390 weekly from the median priced house in this suburb.