Property investors who have had real estate in Gordon, 2906 should be relatively pleased 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 7.77%
Gordon,2906 was ranked 3487 in Australia by increase in median property value over the quarter.
Gordon2906 is located in ACT which offers an average discount of -3.27% to property investors. Gordon itself is showing figures that indicate -2.84% is the average achievable by property buyers investing in the suburb.
In the last year 105 properties changed hands in Gordon, which puts it as the 6th most active market in ACT when comparing the number of sales per suburb.
Advertised rents are around the $520 mark per week – giving a return of 4.87% based on the median price in Suburb
Gordon, 2906 ranked 20th 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
While Gordon,2906 ranked number 21th in ACT for increase in median house value (annualised) increase, it is ranked 20th over the last 5 years.
In the last year 24 properties changed hands in Gordon, which puts it as the 31th most active market in ACT when comparing the number of sales per suburb.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 5.59%, without taking into account capital value appreciation, which has been averaging out at 2.02%.
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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.