Gordon is in the TOP 10% in ACT when comparing median price capital growth over the last year. Gordon gave property investors a very good capital gain figure when compared to the rest of the state, with 16.62%.
Across a shorter period, Gordon, 2906 has seen a median price increase of 11.96% over the last quarter.
At number 10th of ACT’s most discounted properties, Gordon is in the TOP 30% of the state/territory when listing in order of most discounted to least.
At number 811 in a list of fastest selling suburbs, Gordon is in the TOP 30% of suburbs in Australia with an average of days on market 52.0714 for properties listed there.
Advertised rents are around the $470 mark per week – giving a return of 3.88% based on the median price in Suburb
With a capital gain of 3.61% for the last 12 months, Gordon, 2906 has performed for property investments than its average annual 1.26% 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.
Advertised rents are around the $475 mark per week – giving a return of 5.74% based on the median price in Suburb
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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.