REDBANK PLAINS 
1 MIN READTenants’ Rights When Disaster Strikes
Western Australia’s consumer protection body is reminding rental providers that they must still follow the letter of t...
Read More
FordeForde - SUBURB PROFILE REPORT
SHARE 
FORDE, 2914 ranks 289th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 42.86% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,130,000.
The upward trend in home prices in FORDE, 2914 averaged 14.23% per annum over a 3-year period.
Average weekly rents on listings have reached the $700 mark, reflecting a 3.22% increase in returns based on the current median price in FORDE.
An average of 5.5 real estate transactions take place per month in FORDE which translates to 66 per annum.
66 properties were sold in FORDE in 2016, making it the 23rd most active market in ACT based on total real estate transactions.
FORDE, 2914 places 9th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,130,000 | $770,000 |
| GROWTH REPORT | ||
| Median Quarterly | 15.75% | 0% |
| Median 12 month | 42.86% | 28.33% |
| Median 3 years | 42.68% | 36.04% |
| Median 5 years | 63.53% | 50.98% |
| 10 years average annual | 16.53% | 5.43% |
| Weekly media advert. rent | $700 | $580 |
| Time on Market | 25.6 days | 0.0 days |
| Gross Rental Yield Percent | 3.22% | 3.92% |
Get notifications in real-time for staying up to date with content that matters to you.
Copyright © 2021 Smart Property Investment
