Suburb Profile Report for Gordon NSW (2072)

Gordon House: Median price $2,550,000, Annual capital growth 7.64%, Number of sales 66, Weekly median advertised rent $1,000

Gordon Unit: Median price $883,000, Annual capital growth 2.96%, Number of sales 121, Weekly median advertised rent $585

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Over the last year, property investments in Gordon, 2072 have given investors a capital gain of 10.87%. This compares favourably with the 8.12% for NSW as a whole.

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.

At number 327th of NSW’s most discounted properties, Gordon is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Gordon, 2072’s gross rental yield is 2.04%

With a capital gain of -6.06% for the last 12 months, Gordon, 2072 has performed for property investments than its average annual 2.96% property growth over the last 5 years.

Over the longer term, Gordon has seen property prices show investors a 12.48% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Gordon is giving property investors an average Vendor Discount of around -6.00%. This puts suburb at number 71th in NSW when ranking the most discounted suburbs.

Using the current median advertised rental of $585 and the average annual increase in value of a median property of 2.96%, investors should hope to achieve an overall return of 3.45%

Information supplied by:


December 2017

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Gordon, on Sydney’s upper north shore, is 15km from the CBD, and was originally settled under the name “Lane Cove” in the 1820s. It is home to many heritage-listed Federation period properties, including several Arts and Crafts and Queen Anne style houses, such as the historic Eryldene, built in 1913Full summary

Housing supply goes up

Postcode: 2072

Median house price: $2,500,000

Stock on market: 55.8%

12-month growth: 22.4%

Gordon, on Sydney’s upper north shore, is 15km from the CBD, and was originally settled under the name “Lane Cove” in the 1820s. It is home to many heritage-listed Federation period properties, including several Arts and Crafts and Queen Anne style houses, such as the historic Eryldene, built in 1913. 

The median house price is currently $2.5m, up 5.0% over the past three months, and 22.4% since this time last year. Owners who bought their homes five years ago have doubled their investment, with prices having increased 100% since 2012. 

The median unit price is $878,000, down from $918,000 at this time last year.   Units in Gordon spend an average of 57 days on the market, and the number of units for sale has more than doubled in the past twelve months, with 48 units listed this year, compared to just 22 last year.  he number of houses on the market has remained fairly steady. The median advertised rent for units is $650 per week, and houses rent for an average of $1150 per week. For investors, units are proving to be the better choice, with a rental yield of 3.85%, compared to 2.39% for houses.

Close
Metrics i HOUSE UNIT
$2,550,000 $883,000
-1.92% -1.62%
10.87% -6.06%
7.64% 2.96%
$1,000 $585
66 121
2.04% 3.45%
74.48 64.5

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 6591
Median household income ($/weekly) 2223
Median age of persons 41
Median housing loan repayment ($/monthly) 3000
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 895 13.6
    25-34 years 587 8.9
    35-44 years 809 12.3
    45-54 years 1061 16.1
    55-64 years 806 12.2
    Others 2434 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 2875 59.2
    Not Married 1801 37.1
    Defacto Relationship 182 3.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3526 55.5
    Croatia 424 6.7
    Lebanon 290 4.6
    United Kingdom 421 6.6
    Other 459 7.2
    Others 1232 19.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 228 3.7
    Christianity 3824 62.6
    Hinduism 113 1.9
    Judaism 98 1.6
    No Religion 1707 28.0
    Others 135 2.2
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 206 10.5
    $2,000-$2,499 146 7.4
    $2,500-$2,999 315 16.0
    $3,000-$3,499 195 9.9
    $4,000 or more 279 14.2
    Others 828 42.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2014 38.8
    Employed, worked full-time 1827 35.2
    Employed, worked part-time 1028 19.8
    Unemployed, looking for work 189 3.6
    Employed, away from work 136 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 575 19.3
    Professionals 1264 42.3
    Community & personal service workers 220 7.4
    Clerical & administrative workers 388 13.0
    Sales 215 7.2
    Others 325 10.9
    Occupation
    Census Count Percent(%)
    Pre-school 116 5.9
    Infants/Primary 541 27.5
    Secondary 652 33.2
    Technical or Further Educational Institution 102 5.2
    University or other Tertiary Institutions 506 25.7
    Others 49 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4440 72.9
    Flat, unit or apartment 1269 20.8
    Semi-detached, row or terrace house, townhouse 375 6.2
    Caravan, cabin, houseboat 3 0.0
    House or flat attached to a shop, office 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 945 43.6
    Being purchased 713 32.9
    Rented 499 23.0
    Other tenure type 10 0.5
    Tenure Type
Census 2011, ABS
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