With a capital gain of 21.96% for the last 12 months, Gordon, 2906 has performed for property investments than its average annual 3.80% property growth over the last 5 years.
The five-year average increase in median property values for Gordon,2906 has given property investors a potential capital gain of 33.59% across each of those five years.
At number 21th of ACT’s most discounted properties, Gordon is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Gordon have been waiting around 52.2955 days to sell a property.
Situated 20.49km from the CBD, Gordon is one of Unincorporated ACT localities in the postcode 2906.
Gordon has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 8.43% to date .
Over the longer term, Gordon has seen property prices show investors a 17.80% return over the last 3 years. This is worse than over the last 12 months
Gordon, 2906’s gross rental yield is 5.20%
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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.