Property value increases in Gordon have tracked close to the ACT average of 4.21% over the last 12 months.
Across a shorter period, Gordon, 2906 has seen a median price increase of 3.70% over the last quarter.
Our latest figures would indicate that property sellers in Gordon are currently offering property investors an average price cut of -3.86% below the asking price at the moment.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 4.46%, without taking into account capital value appreciation, which has been averaging out at 1.61%.
Property investors who have had real estate in Gordon, 2906 should be relatively pleased with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.75%
Taking the average capital gain, or increase in median house value, Gordon,2906 has racked up an average of 3.75% over the period. This ranks it number 528th in the whole country for real estate investors looking at median house price increases.
At number 13th of ACT’s most discounted properties, Gordon is in the middle of the state/territory when listing in order of most discounted to least.
Renters in Suburb are facing rents around $23400 per annum or $450 every week.
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Investors enjoy high yields
Median unit price: $401,000
Three-year growth: 6.1%
Rental yield: 5.2%
Named for poet Adam Lindsay Gordon, this Tuggeranong suburb has a high-yielding unit market.
Prices went up by 7% in the January 2017-2018 period. Whilst this growth is not as strong as what has been experienced elsewhere in the city, it’s still significant, and it maintains a consistent positive trend that has been observed since 2013. Its rental market appears healthy as well, with rental returns averaging 5.2%.
Point Hut district park in Gordon contains Point Hut Pond. There is also a primary school and a neighbourhood oval. The suburb is close to Murrumbidgee River as well.
Gordon is less than 10 minutes from the Tuggeranong Town Centre, giving the suburb’s access to amenities like Lake Tuggeranong College, the Tuggeranong Arts Centre and the Tuggeranong Hyperdome, a two-storey shopping mall. There is also a bus interchange that facilitates easy commuting.