With a capital gain of -1.55% for the last 12 months, Forde, 2914 has performed for property investments than its average annual 13.55% property growth over the last 5 years.
Comparing Forde,2914 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Forde itself are offering an average vendor discount of -3.32% to real estate investors.
Forde is 40th on a list of best yielding suburbs for rents in ACT with a 4.32% return
Property investors who have had real estate in Forde, 2914 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.80%
Taking the average capital gain, or increase in median house value, Forde,2914 has racked up an average of 0.80% over the period. This ranks it number 511th in the whole country for real estate investors looking at median house price increases.
Often selling an investment property can take time, and in Forde the average time real estate has been on the market is 76.3571 days.
Renters in Suburb are facing rents around $28860 per annum or $555 every week.
Information supplied by:
Massive addition to housing supply
Median house price: $810,000
Stock on market: 100.0%
12-month growth: 3.6%
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 100% boost in stock levels, with the number of houses going from 18 in February 2018 to 41 in February 2019. However, at the same time, prices may be starting to ease up, as values were flat in the three months to February 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.