Forde is in the bottom 40% in ACT when comparing median price capital growth over the last year. Forde gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.13%.
Across a shorter period, Forde, 2914 has seen a median price increase of -0.94% over the last quarter.
Property buyers and investors in Forde 2914 should be seeing an average reduction in asking price of around -3.96% . This means that Forde is holding prices well when compared to other suburbs in ACT.
In the last year 74 properties changed hands in Forde, which puts it as the 14th most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $670 and the average annual increase in value of a median property of 13.13%, investors should hope to achieve an overall return of 4.40%
ACT has seen average median house prices change by 0.87% which means that Forde, 2914 has done well for property investors by showing a capital gain of 6.87% over the last year
Taking the average capital gain, or increase in median house value, Forde,2914 has racked up an average of 6.87% over the period. This ranks it number 528th in the whole country for real estate investors looking at median house price increases.
In the last year 13 properties changed hands in Forde, which puts it as the 48th most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $560 and the average annual increase in value of a median property of 1.42%, investors should hope to achieve an overall return of 5.20%
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.