Property value increases in Gordon have tracked close to the ACT average of 3.59% over the last 12 months.
Gordon,2906 was ranked 2147 in Australia by increase in median property value over the quarter.
The most recent median price for Gordon is $545000, with sellers offering an average of -2.18% off the asking price.
Gordon is 10th on a list of best yielding suburbs for rents in ACT with a 4.96% return
Gordon has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 7.59% to date .
Taking the average capital gain, or increase in median house value, Gordon,2906 has racked up an average of 7.59% over the period. This ranks it number 413th in the whole country for real estate investors looking at median house price increases.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
A $435 per week rent on the median house gives suburb investors a gross yield of circa 5.50%, without taking into account capital value appreciation, which has been averaging out at 2.01%.
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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.