Located in New South Wales within the Ku-ring-gai local government area, Gordon is a mid-sized suburb (postcode 2072). With a population of 8,795, the suburb has a settled mid-life population with a median age of 39. Households earn a median income of $128K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.1% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Chinese, English, Australian.
The median house price in Gordon is $3.8 million, having eased back by 2.1% over the past year. Units have a median price of $921,000 (+3% YoY). The current median weekly rent is $750. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $3,033.
Gordon is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1174, which is well above the national average of 1,000. Public transport access includes 28 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Ku-ring-gai LGA is low at 930 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 1.0%, which reads as low yield. Property prices are above the state median ($3.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 29.5x is considered stretched. House prices have moved -2.1% year-on-year. Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.