Gordon is in the TOP 30% in ACT when comparing median price capital growth over the last year. Gordon gave property investors a good capital gain figure when compared to the rest of the state, with 9.70%.
While Gordon,2906 ranked number 33th in ACT for increase in median house value (annualised) increase, it is ranked 32th over the last 5 years.
The most recent median price for Gordon is $650000, with sellers offering an average of -2.42% off the asking price.
With the median price for a house in Gordon being $650000 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 4.08%
Investment property in Gordon has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.22%
While Gordon,2906 ranked number 24th in ACT for increase in median house value (annualised) increase, it is ranked 29th over the last 5 years.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.62% offered to property buyers. Sellers in Gordon itself are offering an average vendor discount of -0.87% to real estate investors.
The ACT suburb of Gordon, 2906 is in the Unincorporated ACT local government area.
Named for poet Adam Lindsay Gordon, this Tuggeranong suburb has a high-yielding unit marketFull summary
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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.Close