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 5.36%.
The five-year average increase in median property values for Gordon,2906 has given property investors a potential capital gain of 16.83% across each of those five years.
Property buyers and investors in Gordon 2906 should be seeing an average reduction in asking price of around -3.64% . This means that Gordon is holding prices well when compared to other suburbs in ACT.
With the median price for a house in Gordon being $590000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 4.85%
If you compare the increase in value of investment property in Gordon, 2906 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 7.97%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gordon has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Gordon should be aiming for at least -4.09% off the asking price, which is the average vendor discount being achieved at the moment.
Gordon is 25th on a list of best yielding suburbs for rents in ACT with a 5.21% return