AREA REPORTS

Gordon

 

 

Suburb Profile

Gordon - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2906

house
unit

A 11.49% 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 15th.

A steady increase in median property prices over a five-year period in the suburb translates to a 23% 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 $655,000

The augmented property values in the suburb are trailing above the territorial average of 5.35% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $520.

Home owners selling their properties and realtors in GORDON usually have to wait an average of 60.6 days days before their assets are lifted off the market.

The ACT suburb ranks 34th on the list of best yielding suburbs for rental properties in ACT, posting a 4.13% return.

It also places places 24th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $655,000 $402,000
GROWTH REPORT
Median Quarterly 2.34% 0.5%
Median 12 month 11.49% 5.51%
Median 3 years 23% 8.65%
Median 5 years 33.67% 10.14%
10 years average annual 3.52% 1.87%
Weekly media advert. rent $520 $420
Time on Market 60.6 days 62.7 days
Gross Rental Yield Percent 4.13% 5.43%
demographics (median values)
Total Population
7869
Weekly Household Income
1545
Household Size
2.80
demographics
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