Suburb Profile Report for Forde ACT (2914)

Forde House: Median price $792,000, Annual capital growth 13.59%, Number of sales 72, Weekly median advertised rent $650

Forde Unit: Median price $566,000, Annual capital growth 2.40%, 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 Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report
  • Expert Report

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%

Information supplied by:


April 2019

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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

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.

Close
Metrics i HOUSE UNIT
$792,000 $566,000
-2.22% 7.81%
1.28% 6.99%
13.59% 2.40%
$650 $545
72 20
4.27% 5.01%
60.52727 95.75

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

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