ACT has seen average median house prices change by 5.72% which means that Gordon, 2906 has done well for property investors by showing a capital gain of 4.11% over the last year
While Gordon,2906 ranked number 61th in ACT for increase in median house value (annualised) increase, it is ranked 49th over the last 5 years.
Property buyers and investors in Gordon 2906 should be seeing an average reduction in asking price of around -3.95% . This means that Gordon is holding prices well when compared to other suburbs in ACT.
Using the current median advertised rental of $525 and the average annual increase in value of a median property of 2.71%, investors should hope to achieve an overall return of 4.90%
At number 1070th in the list of Australian suburbs ordered by increase in median house value over the last year, Gordon, 2906 is in the BOTTOM 40% with a property value increase of 0.68% recorded in median house prices.
A -5.25% growth in median value for property investors in Gordon,2906 puts this suburb at number 37th in terms of best performing suburbs in ACT
Our latest figures would indicate that property sellers in Gordon are currently offering property investors an average price cut of -4.80% below the asking price at the moment.
Often selling an investment property can take time, and in Gordon the average time real estate has been on the market is 116.13 days.