How to win in today’s commercial property market
Despite the disruption caused by COVID-19, Australia’s commercial property market remained resilient, offering unique opportunities to sma...
A 22.22% 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 3rd.
A steady increase in median property prices over a five-year period in the suburb translates to a 22.79% 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 $660,000
The augmented property values in the suburb are trailing above the territorial average of 5.84% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $480.
Home owners selling their properties and realtors in GORDON usually have to wait an average of 48.3 days days before their assets are lifted off the market.
The ACT suburb ranks 45th on the list of best yielding suburbs for rental properties in ACT, posting a 3.78% return.
It also places places 28th in Australia based on median property value growth during the quarter.
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.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $660,000 | $440,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.76% | 2.33% |
| Median 12 month | 22.22% | 6.02% |
| Median 3 years | 22.79% | 15.79% |
| Median 5 years | 34.69% | 21.55% |
| 10 years average annual | 3.35% | 1.42% |
| Weekly media advert. rent | $480 | $475 |
| Time on Market | 48.3 days | 40.0 days |
| Gross Rental Yield Percent | 3.78% | 5.61% |
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