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 $315,000.
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 672nd most active market in VIC based on total real estate transactions.
GORDON, 3345 places 63rd in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $315,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 7.69% | N/A |
| Median 12 month | 10.72% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 12.96% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 155.9 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
There is a threshold for the land value...
Hi Ho Ping
Thank you for your comments....
You are perhaps one of the few comment...