If you compare the increase in value of investment property in Gordon, 2906 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -5.59%.
A 7.36% growth in median value for property investors in Gordon,2906 puts this suburb at number 43th in terms of best performing suburbs in ACT
Gordon2906 is located in ACT which offers an average discount of -4.70% to property investors. Gordon itself is showing figures that indicate -3.38% is the average achievable by property buyers investing in the suburb.
Gordon, 2906 ranked 17th 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 24th in ACT for increase in median house value (annualised) increase, it is ranked 18th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Gordon, 2906. Typically our figures indicate that -4.12% is being offered, which puts this ACT suburb at 914th most discounted overall in Australia.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 1.81%, investors should hope to achieve an overall return of 5.64%
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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.