Gordon has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 3.61% to date .
Taking the average capital gain, or increase in median house value, Gordon,2906 has racked up an average of 3.61% over the period. This ranks it number 2079th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Gordon should be aiming for at least -3.04% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $480 mark per week – giving a return of 4.46% based on the median price in Suburb
Gordon has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 3.95% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Gordon comes in at number 24th in ACT.
LACK OF BUYER INTEREST may well be the reason that Gordon is offering property investors an average of -3.82. This rate of discount on properties puts Suburb at number 33th in terms of most discounted suburbs in ACT
At number 228 in a list of fastest selling suburbs, Gordon is in the TOP 20% of suburbs in Australia with an average of days on market 35.45 for properties listed there.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
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