Gordon, 2906 ranked 31th in ACT when comparing growth in median property values or capital gain over the last 12 months. Gordon is one of 126 in our list for ACT
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gordon has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Gordon are currently offering property investors an average price cut of -3.90% below the asking price at the moment.
Often selling an investment property can take time, and in Gordon the average time real estate has been on the market is 56.1 days.
Advertised rents are around the $522.5 mark per week – giving a return of 4.25% based on the median price in Suburb
If you compare the increase in value of investment property in Gordon, 2906 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this ACT suburb was 3.90%.
When looking at the potential capital gains offered to property investors over the last 3 years, Gordon comes in at number 27th in ACT.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.60% offered to property buyers. Sellers in Gordon itself are offering an average vendor discount of -1.67% to real estate investors.
The ACT suburb of Gordon, 2906 is in the Unincorporated ACT local government area.
Named for poet Adam Lindsay Gordon, this Tuggeranong suburb has a high-yielding unit marketFull summary
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Investors enjoy high yields
Median unit price: $401,000
Three-year growth: 6.1%
Rental yield: 5.2%
Named for poet Adam Lindsay Gordon, this Tuggeranong suburb has a high-yielding unit market.
Prices went up by 7% in the January 2017-2018 period. Whilst this growth is not as strong as what has been experienced elsewhere in the city, it’s still significant, and it maintains a consistent positive trend that has been observed since 2013. Its rental market appears healthy as well, with rental returns averaging 5.2%.
Point Hut district park in Gordon contains Point Hut Pond. There is also a primary school and a neighbourhood oval. The suburb is close to Murrumbidgee River as well.
Gordon is less than 10 minutes from the Tuggeranong Town Centre, giving the suburb’s access to amenities like Lake Tuggeranong College, the Tuggeranong Arts Centre and the Tuggeranong Hyperdome, a two-storey shopping mall. There is also a bus interchange that facilitates easy commuting.Close