With a capital gain of -2.70% for the last 12 months, Gordon, 2906 has performed for property investments than its average annual 1.76% property growth over the last 5 years.
Across a shorter period, Gordon, 2906 has seen a median price increase of 3.85% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Gordon is offering property investors an average of -3.73. This rate of discount on properties puts Suburb at number 30th in terms of most discounted suburbs in ACT
Gordon is 21th on a list of best yielding suburbs for rents in ACT with a 4.62% return
Gordon has had a pretty average year for property investment returns compared to the rest of ACT, giving investors a capital gain of 1.85% to date .
Over the longer term, Gordon has seen property prices show investors a 8.12% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Gordon is $386000, with sellers offering an average of -3.01% 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 35.45 days.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 5.52%, without taking into account capital value appreciation, which has been averaging out at 1.49%.
Named for poet Adam Lindsay Gordon, this Tuggeranong suburb has a high-yielding unit marketFull summary
Information supplied by:
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