Victorian land sales strong despite restrictions
COVID-19 restrictions have not stopped investors in Victorian land buyers, with new research confirming developer and government incentives ...
A 6.91% increase in median property prices in GORDON, 2906 has allowed this suburb to join the ranks of best performing suburbs in ACT, settling at number 22nd.
A steady increase in median property prices over a five-year period in the suburb translates to a 9.74% 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 $580,000
The augmented property values in the suburb are trailing above the territorial average of 2.29% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $465.
Home owners selling their properties and realtors in GORDON usually have to wait an average of 58.8 days days before their assets are lifted off the market.
The ACT suburb ranks 38th on the list of best yielding suburbs for rental properties in ACT, posting a 4.17% return.
It also places places 8th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $580,000 | $428,500 |
| GROWTH REPORT | ||
| Median Quarterly | 4.5% | 3.25% |
| Median 12 month | 6.91% | 4% |
| Median 3 years | 9.74% | 14.27% |
| Median 5 years | 18.37% | 17.4% |
| 10 years average annual | 1.84% | 1.4% |
| Weekly media advert. rent | $465 | $450 |
| Time on Market | 58.8 days | 45.5 days |
| Gross Rental Yield Percent | 4.17% | 5.46% |
COVID-19 restrictions have not stopped investors in Victorian land buyers, with new research confirming developer and government incentives ...
A real estate body has launched a public campaign targeting the Andrews government’s continued real estate restrictions, noting the immens...
Victoria’s COVID-19 restrictions have begun to lift as the rest of the country watches on: Here’s the biggest property stories from this...
As many know, the key to successful investing falls back to managing your finances. Here are some top tips on how to budget correctly. ...
Domain’s latest research has shone a spotlight on the suburbs seeing the strongest buyer demand. ...
New data has predicted the volume of auctions set to take place across Australia’s capital cities for the week concluding 20 September, w...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
Copyright © 2020 Smart Property Investment