Question 1

Is Gordon a nice place to live?

Accepted Answer

Gordon is a delightful suburb that offers a peaceful and family-friendly environment, making it a wonderful place to call home. With its charming atmosphere and strong sense of community, it provides an inviting setting for families and individuals alike. The suburb is known for its lush green spaces and proximity to the Murrumbidgee River, offering residents plenty of opportunities for outdoor activities and relaxation. The presence of well-maintained parks and walking trails adds to the suburb's appeal, making it a haven for nature enthusiasts and those seeking a tranquil lifestyle.

Living in Gordon means enjoying the convenience of nearby amenities without sacrificing the serenity of suburban life. The suburb is well-connected to public transport, providing easy access to the larger Tuggeranong town centre and Canberra's CBD. Local schools and shopping facilities cater to the needs of families, ensuring that everything you need is within reach. Safety is generally not a major concern, contributing to the suburb's reputation as a secure and welcoming place for families.

While Gordon offers a serene lifestyle, it may not be the best choice for those seeking a bustling nightlife or a wide array of dining options. The suburb's focus on family life and outdoor living means that entertainment options are more subdued compared to inner-city areas. However, the trade-off is a strong community feel and a quieter, more relaxed pace of life. For families looking for a stable and supportive environment, Gordon is an excellent choice, offering a harmonious blend of modern amenities and natural beauty.

Question 2

Is it expensive to live in Gordon?

Accepted Answer

Living in Gordon can be seen as moderately expensive, especially when considering the local property market. With a median house price of $786,250, buying a home in Gordon requires a significant financial commitment. However, it's worth noting that the suburb doesn't currently have a median unit price, which might limit options for those looking for more affordable housing alternatives.

Renting in Gordon is also on the pricier side, with the average rent for houses sitting at $620 per week. This is something to keep in mind if you're planning to rent rather than buy. On the income side, the average annual wage in Gordon is approximately $78,000, which is higher than both the ACT and national averages. This suggests that while the cost of living, particularly housing, is high, residents generally earn a decent income that can help offset these expenses.

Overall, if you're considering living in Gordon, it's important to weigh the higher property and rental prices against the relatively higher wages. This balance may make it a feasible option for those earning above-average incomes, but it could be challenging for those on lower wages to manage the cost of living comfortably.

Question 3

Is Gordon a good place to invest?

Accepted Answer

Gordon presents a stable investment opportunity, particularly for those seeking steady, long-term growth rather than rapid short-term gains. Over the past year, the suburb has experienced a modest increase in median house values by 2.6%, while unit values have remained stable. This indicates a level of resilience in the housing market, even when broader market conditions may be fluctuating.

While rental prices for both houses and units have not changed over the last 12 months, this stability can be appealing for investors looking for consistent rental income without the volatility seen in some other areas. Gordon's appeal lies in its family-friendly environment and community-focused lifestyle, which continues to attract long-term residents and renters.

Overall, Gordon offers a low-risk investment option with the potential for gradual property appreciation. Its steady market performance and community appeal make it a solid choice for investors prioritizing reliability and long-term growth over quick returns.

	Houses	Units
Median price Past 3 months	$803K	N/A
Change in value Past 12 months	2.9%	N/A
Sold Past 3 months	41	N/A
Median days on market Past 12 months	36	N/A
Average rent Past 12 months	$640	N/A
Change in rent Past 12 months	1.6%	N/A

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