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Forde

Suburb Profile

Forde - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2914

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unit

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 $790,000.

The upward trend in home prices in FORDE, 2914 averaged 4.5% per annum over a 3-year period.

Average weekly rents on listings have reached the $675 mark, reflecting a 4.44% increase in returns based on the current median price in FORDE.

An average of 6.92 real estate transactions take place per month in FORDE which translates to 83 per annum.

83 properties were sold in FORDE in 2016, making it the 7th most active market in ACT based on total real estate transactions.

FORDE, 2914 places 52nd 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 $790,000 $561,250
GROWTH REPORT
Median Quarterly 0.64% -0.31%
Median 12 month -2.47% -0.31%
Median 3 years 13.51% 10.05%
Median 5 years 27.42% 8.98%
10 years average annual 12.6% 2.09%
Weekly media advert. rent $675 $550
Time on Market 70.3 days 81.0 days
Gross Rental Yield Percent 4.44% 5.1%
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