Suburb Profile Report for Forde ACT (2914)

Forde House: Median price $810,000, Annual capital growth 13.53%, Number of sales 76, Weekly median advertised rent $650

Forde Unit: Median price $566,000, Annual capital growth 2.31%, Number of sales 20, Weekly median advertised rent $545

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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:


April 2019

M
O

W
E

Massive addition to housing supply

Postcode: 2914

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.

Metrics i HOUSE UNIT
$810,000 $566,000
0.62% 1.07%
3.58% 7.20%
13.53% 2.31%
$650 $545
76 20
4.17% 5.01%
70.01695 98

Source: Monthly data update for May 2019 as supplied by CoreLogic. Data is reported to the period ending Feb 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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