Suburb Profile Report for Gordon ACT (2906)

Gordon House: Median price $552,500, Annual capital growth 1.80%, Number of sales 100, Weekly median advertised rent $500

Gordon Unit: Median price $400,000, Annual capital growth 1.88%, Number of sales 26, Weekly median advertised rent $420

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report
  • Expert Report

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.

Information supplied by:


April 2018

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Named for poet Adam Lindsay Gordon, this Tuggeranong suburb has a high-yielding unit marketFull summary

Investors enjoy high yields

Postcode: 2906

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
Metrics i HOUSE UNIT
$552,500 $400,000
1.75% 3.63%
6.05% 4.99%
1.80% 1.88%
$500 $420
100 26
4.71% 5.46%
50.407894 31.6

Source: Monthly data update for Apr 2019 as supplied by CoreLogic. Data is reported to the period ending Jan 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
Find a mortgage broker in Gordon ACT
Demographics
Total population 7763
Median household income ($/weekly) 1978
Median age of persons 33
Median housing loan repayment ($/monthly) 2080
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1136 14.6
    15-19 years 717 9.2
    25-34 years 1044 13.4
    35-44 years 1218 15.7
    45-54 years 1307 16.8
    Others 2344 30.2
    Age Group
    Census Count Percent(%)
    Registered Married 2836 50.5
    Not Married 2139 38.1
    Defacto Relationship 646 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 5947 80.2
    Indonesia 89 1.2
    Papua New Guinea 69 0.9
    United Kingdom 309 4.2
    Other 333 4.5
    Others 671 9.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 207 2.9
    Christianity 4869 67.9
    Hinduism 87 1.2
    Islam 148 2.1
    No Religion 1795 25.0
    Others 63 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 364 15.1
    $2,000-$2,499 345 14.3
    $2,500-$2,999 300 12.5
    $3,000-$3,499 229 9.5
    $4,000 or more 193 8.0
    Others 976 40.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3087 53.0
    Not in the labour force 1216 20.9
    Employed, worked part-time 1097 18.8
    Employed, away from work 295 5.1
    Unemployed, looking for work 131 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 630 14.1
    Professionals 908 20.3
    Technicians & trades workers 553 12.4
    Community & personal service workers 448 10.0
    Clerical & administrative workers 1079 24.1
    Others 856 19.1
    Occupation
    Census Count Percent(%)
    Pre-school 121 5.7
    Infants/Primary 676 32.1
    Secondary 742 35.2
    Technical or Further Educational Institution 229 10.9
    University or other Tertiary Institutions 290 13.8
    Others 51 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6504 88.4
    Semi-detached, row or terrace house, townhouse 856 11.6
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1440 55.1
    Rented 594 22.7
    Fully owned 571 21.9
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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