‘Stable’ population growth to bolster building activity
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GORDON, 3345 ranks 64th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 30.93% 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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $545,000.
The upward trend in home prices in GORDON, 3345 averaged 26.23% per annum over a 3-year period.
Average weekly rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in GORDON.
An average of 0.92 real estate transactions take place per month in GORDON which translates to 11 per annum.
11 properties were sold in GORDON in 2016, making it the 713th most active market in VIC based on total real estate transactions.
GORDON, 3345 places 241st in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $545,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 0.93% | N/A |
| Median 12 month | 30.93% | N/A |
| Median 3 years | 78.69% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 17.79% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 42.3 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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