Property value increases in Forde have tracked just lower than the ACT average of 3.59% over the last 12 months.
Over the longer term, Forde has seen property prices show investors a 11.35% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Forde are currently offering property investors an average price cut of -4.19% below the asking price at the moment.
Residents and property investors in Forde have been waiting around 74.7313 days to sell a property.
Forde is in the TOP 20% in ACT when comparing median price capital growth over the last year. Forde gave property investors a very good capital gain figure when compared to the rest of the state, with 7.69%.
A 12.00% growth in median value for property investors in Forde,2914 puts this suburb at number 31th in terms of best performing suburbs in ACT
A $540 per week rent on the median house gives suburb investors a gross yield of circa 5.01%, without taking into account capital value appreciation, which has been averaging out at 2.45%.
Information supplied by:
Massive addition to housing supply
Median house price: $805,000
Stock on market: 111.8%
12-month growth: 3.9%
Named for Frank Forde, who was Australia’s prime minister for one week in 1945, the suburb of Forde in Canberra’s northern area is a wide open green space that puts the spotlight on greenery.
The suburb recorded a massive 111.8% boost in stock levels, with the number of houses going from 14 in January 2018 to 34 in January 2019. However, at the same time, prices may be starting to ease up, as values stumbled by 0.6% in the three months to January 2019.
Forde has over 10 parks, and a large chunk of the suburb is taken up by wetlands and nature reserves. Mulligans Flat Nature Reserve is considered one of the best bird-watching sites in the state. Nature aside, Forde also has many excellent amenities, like the Burgmann Anglican school, shops, cafes and a local pool.