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%
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
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Housing supply goes up
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