Gordon, 2906 ranked 69th 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
Gordon,2906 has offered an average of -1.93% return per annum in house price rises to property investors over the last three years.
Gordon, 2906 is offering ACT ‘s 24th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this ACT.
Often selling an investment property can take time, and in Gordon the average time real estate has been on the market is 63.0423 days.
A $497.5 per week rent on the median house gives suburb investors a gross yield of circa 4.86%, without taking into account capital value appreciation, which has been averaging out at 1.58%.
If you compare the increase in value of investment property in Gordon, 2906 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 6.22%.
When looking at the potential capital gains offered to property investors over the last 3 years, Gordon comes in at number 20th in ACT.
The most recent median price for Gordon is $410000, with sellers offering an average of -4.12% off the asking price.
Often selling an investment property can take time, and in Gordon the average time real estate has been on the market is 60.1667 days.
Advertised rents are around the $450 mark per week – giving a return of 5.71% based on the median price in Suburb
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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.