With a capital gain of 6.91% for the last 12 months, Gordon, 2906 has performed for property investments than its average annual 1.84% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gordon has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Gordon is offering property investors an average of -3.77. This rate of discount on properties puts Suburb at number 5th in terms of most discounted suburbs in ACT
Residents and property investors in Gordon have been waiting around 58.8356 days to sell a property.
Property investors should expect to get $465 weekly from the median priced house in this suburb.
Property value increases in Gordon have tracked close to the ACT average of 3.89% over the last 12 months.
Gordon,2906 was ranked 330 in Australia by increase in median property value over the quarter.
At number 127 in a list of fastest selling suburbs, Gordon is in the TOP 10% of suburbs in Australia with an average of days on market 45.5714 for properties listed there.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.46%, without taking into account capital value appreciation, which has been averaging out at 1.40%.
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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.