At number 2800th in the list of Australian suburbs ordered by increase in median house value over the last year, Forde, 2914 is in the BOTTOM 40% with a property value increase of 2.04% recorded in median house prices.
The five-year average increase in median property values for Forde,2914 has given property investors a potential capital gain of 15.94% across each of those five years.
Sellers are offering property buyers an average discount of -3.00% to buyers in Forde at the moment, which is less than average for the rest of ACT.
On average over the past year, suburb has had 6.58 sales per month, which equates to 79 per year.
Advertised rents are around the $645 mark per week – giving a return of 4.19% based on the median price in Suburb
Forde is in the bottom 30% in ACT when comparing median price capital growth over the last year. Forde gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.35%.
Situated 11.87km from the CBD, Forde is one of Unincorporated ACT localities in the postcode 2914.
Information supplied by:
Massive addition to housing supply
Median house price: $810,000
Stock on market: 100.0%
12-month growth: 3.6%
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 100% boost in stock levels, with the number of houses going from 18 in February 2018 to 41 in February 2019. However, at the same time, prices may be starting to ease up, as values were flat in the three months to February 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.