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Forde
AREA REPORTS

Forde

Forde - SUBURB PROFILE REPORT
POSTAL CODE: ACT, 2914

house
unit

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.

Data report can be found below

Forde
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%
demographics (median values)*
Total Population
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Weekly Household Income
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Household Size
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Age
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Monthly Loan Repayment
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* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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