ACT has seen average median house prices change by 4.46% which means that Forde, 2914 has done well for property investors by showing a capital gain of 3.58% over the last year
If we look at median property appreciation over just the last three months, Forde has given property investors a paper return of 0.00%. This puts Suburb as 57 on a list of fastest fasting appreciating suburbs in ACT
Forde, 2914 is offering ACT ‘s 12th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this ACT.
Forde, 2914’s gross rental yield is 4.04%
With a capital gain of 5.86% for the last 12 months, Forde, 2914 has performed for property investments than its average annual 2.29% property growth over the last 5 years.
Over the longer term, Forde has seen property prices show investors a 6.46% return over the last 3 years. This is worse than over the last 12 months
Situated 11.92km from the CBD, Forde is one of Unincorporated ACT localities in the postcode 2914.
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.