Over the last year, property investments in Gordon, 2906 have given investors a capital gain of 2.29%. This compares badly with the 5.43% for ACT as a whole.
Gordon,2906 was ranked 2633 in Australia by increase in median property value over the quarter.
The most recent median price for Gordon is $559000, with sellers offering an average of -4.16% off the asking price.
Using the current median advertised rental of $525 and the average annual increase in value of a median property of 2.85%, investors should hope to achieve an overall return of 4.88%
With a capital gain of 3.20% for the last 12 months, Gordon, 2906 has performed for property investments than its average annual 3.22% property growth over the last 5 years.
Across a shorter period, Gordon, 2906 has seen a median price increase of 2.50% over the last quarter.
Property investors looking for a bargain in Gordon should be aiming for at least -4.98% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Gordon have been waiting around 114.79 days to sell a property.
Situated 20.80km from the CBD, Gordon is one of Unincorporated ACT localities in the postcode 2906.