Over the last year, property investments in Forde, 2914 have given investors a capital gain of 3.87%. This compares averagely with the 4.46% for ACT as a whole.
Forde,2914 was ranked 2571 in Australia by increase in median property value over the quarter.
The most recent median price for Forde is $805000, with sellers offering an average of -3.85% off the asking price.
Advertised rents are around the $620 mark per week – giving a return of 4.00% based on the median price in Suburb
Forde is an average performer in ACT when comparing median price capital growth over the last year. Forde gave property investors a good capital gain figure when compared to the rest of the state, with 5.86%.
If we look at median property appreciation over just the last three months, Forde has given property investors a paper return of 7.69%. This puts Suburb as 9 on a list of fastest fasting appreciating suburbs in ACT
Property investors looking for a bargain in Forde should be aiming for at least -0.74% off the asking price, which is the average vendor discount being achieved at the moment.
Forde, 2914’s gross rental yield is 4.92%
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 greeneryFull summary
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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.Close