At number 1963th in the list of Australian suburbs ordered by increase in median house value over the last year, Forde, 2914 is in the top half with a property value increase of 0.94% recorded in median house prices.
Over the longer term, Forde has seen property prices show investors a 13.73% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Forde is $807500, with sellers offering an average of -4.16% off the asking price.
On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.
Forde is 50th on a list of best yielding suburbs for rents in ACT with a 4.19% return
Over the last year, property investments in Forde, 2914 have given investors a capital gain of 5.86%. This compares favourably with the 4.05% for ACT as a whole.
While Forde,2914 ranked number 39th in ACT for increase in median house value (annualised) increase, it is ranked 12th over the last 5 years.
Information supplied by:
Massive addition to housing supply
Median house price: $805,000
Stock on market: 111.8%
12-month growth: 3.9%
Named for Frank Forde, who was Australia’s prime minister for one week in 1945, the suburb of Forde in Canberra’s northern area is a wide open green space that puts the spotlight on greenery.
The suburb recorded a massive 111.8% boost in stock levels, with the number of houses going from 14 in January 2018 to 34 in January 2019. However, at the same time, prices may be starting to ease up, as values stumbled by 0.6% in the three months to January 2019.
Forde has over 10 parks, and a large chunk of the suburb is taken up by wetlands and nature reserves. Mulligans Flat Nature Reserve is considered one of the best bird-watching sites in the state. Nature aside, Forde also has many excellent amenities, like the Burgmann Anglican school, shops, cafes and a local pool.