Investment property in Forde has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.44%
The five-year average increase in median property values for Forde,2914 has given property investors a potential capital gain of 32.52% across each of those five years.
Forde, 2914 is offering ACT ‘s 8th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this ACT.
In the last year 77 properties changed hands in Forde, which puts it as the 13th most active market in ACT when comparing the number of sales per suburb.
Forde is 37th on a list of best yielding suburbs for rents in ACT with a 4.42% return
Forde has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 8.27% to date .
Comparing Forde,2914 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The ACT suburb of Forde, 2914 is in the Unincorporated ACT local government area.
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.