Suburb Profile Report for Gordon ACT (2906)

Gordon House: Median price $555,000, Annual capital growth 1.85%, Number of sales 105, Weekly median advertised rent $520

Gordon Unit: Median price $400,000, Annual capital growth 2.02%, Number of sales 24, Weekly median advertised rent $430

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

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

  • Expert Report
  • House Report
  • Unit Report

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%.

Information supplied by:


April 2018

M
O

W
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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.

Metrics i HOUSE UNIT
$555,000 $400,000
-3.48% 1.27%
7.77% 4.71%
1.85% 2.02%
$520 $430
105 24
4.87% 5.59%
51.708862 62.3125

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

DSR Score for property investment : Good (H), Good (U)
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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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