Forde

POSTAL CODE: ACT, 2914

HOUSE

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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,056,250.

The downward trend in home prices in FORDE, 2914 averaged -2.72% per annum over a 3-year period.

Average weekly rents on listings have reached the $800 mark, reflecting a 3.94% increase in returns based on the current median price in FORDE.

An average of 4.83 real estate transactions take place per month in FORDE which translates to 58 per annum.

58 properties were sold in FORDE in 2016, making it the 26th most active market in ACT based on total real estate transactions.

FORDE, 2914 places 89th in Australia based on median property value growth during the quarter.

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 $820,000.

Investors saw the median home price rise to $820,000.

The upward trend in home prices in FORDE, 2914 averaged 3.6% per annum over a 3-year period.

FORDE now ranks at the th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in FORDE are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $665 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In FORDE, homes and units usually stay on listing for an average of N/A.

11 properties were sold in FORDE in 2016, making it the 63rd most active market in ACT based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,056,250	$820,000
Growth Report
Median Quarterly	-5.27%	0%
Median 12 month	-7.75%	0%
Median 3 years	-8.15%	10.81%
Median 5 years	33.53%	34.15%
10 years average annual	4.9%	6.43%
Weekly media advert. rent	$800	$665
Time on Market	62.2 days	N/A
Gross Rental Yield Percent	3.94%	4.22%

Demographics (Median Values)*

Total Population n.a.

Weekly Household Income n.a.

Household Size n.a.

Average Age n.a.

Monthly Loan Repayment n.a.

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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