Gordon

POSTAL CODE: ACT, 2906

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 2.59% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $892,500

The augmented property values in the suburb are trailing above the territorial average of 2.38% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $630.

Home owners selling their properties and realtors in GORDON usually have to wait an average of 60.7 days days before their assets are lifted off the market.

The ACT suburb ranks 53rd on the list of best yielding suburbs for rental properties in ACT, posting a 3.67% return.

It also places places 27th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 1.21% over the last 12 months in GORDON, translating to lower returns compared with its peers in ACT.

A survey of average capital gains or median home price increase in suburbs across the country shows that GORDON, 2906 obtained a 6.05% growth over a ten-year period. It ranks 707th on our list of suburbs that property investors should look into.

GORDON, 2906 has a capital gain of 1.21% for the past year, which is lower than average compared to its 38.89% growth within a five-year period.

With the median home price in GORDON sitting at $625,000, and the average rent at $577.5, property owners could potentially earn a 4.8% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in GORDON are low, as opposed to average gains per annum over the past five years.

GORDON, 2906 in ACT belongs to the local government area of Unincorporated ACT.

Surburb overview

Gordon is a suburb in Canberra, ACT, in the district of Tuggeranong. The suburb is named after the poet Adam Lindsay Gordon and gazetted on 1987. The theme of the suburb's streets are after sportspersons, such as Woodfull Loop named after the former captain of the Australian cricket team.

It is surrounded by the suburbs of Banks, Conder, Bonython, and Calwell, and bounded by Tharwa Drive and Woodcock Drive.

Amenities in Gordon

Point Hut Pond District Park is located in the centre of Gordon, as well as the Lanyon Landscape Conservation and the Murrumbidgee River near Mount Stranger, adding a natural ambiance to the suburb. There are two schools in the suburb, Gordon Primary School and Covenant Christian School and Early Learning Centre, where students can enroll in.

Demographic profile

Gordon has a population of 7,611 residents, with 2,117 families inhabiting at least 2,987 private dwellings in the suburb. The median age of residents is 36 years and a majority of the residents are Australian-born. Other resident's country of birth is England, New Zealand, India, Sri Lanka, Scotland, the Philippines, Germany, and Croatia.

Real estate performance

The median house price in Gordon is $580,000 and units sell at $384,000. Majority of the properties in Gordon are separate houses, with other properties listed as semi-detached, row or terrace house, townhouses, and flat, units, or apartments. Rents go up at around $540 for houses and $395 for units. Gordon house prices have grown by 1.11 per cent and units have grown by minus 2.16 per cent in the past three years.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$892,500	$625,000
Growth Report
Median Quarterly	2.47%	1.96%
Median 12 month	4.39%	1.21%
Median 3 years	2.59%	2.63%
Median 5 years	37.31%	38.89%
10 years average annual	6.04%	6.05%
Weekly media advert. rent	$630	$578
Time on Market	60.7 days	42 days
Gross Rental Yield Percent	3.67%	4.8%

Demographics (Median Values)*

Total Population 17633

Weekly Household Income 2103

Household Size 2.80

Average Age 35

Monthly Loan Repayment 2000

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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