Welcome to Gordon, a family oriented Upper North Shore suburb that solidly performs in the Sydney property market and is denoted by its community feel and convenient transport links.
Gordon is conveniently located 15km northwest from Sydney’s CBD, with the suburbs of Pymble to the north, Killara to the south, West Pymble to the west and East Killara to the east.
Looking more closely, Gordon is bounded by Blackbutt and Falls Creek to the west, Cecil Street and McIntosh Street to the south, High Ridge Creek to the east, and Mona Vale Road, Highlands Avenue, and Rosedale extending to High Ridge Creek, to the north. The naturally leafy area is close to the lush parklands of Lane Cove National Park and Garigal National Park.
Gordon’s name owes origin to the Gordondale Estate, the estate owned by Robert McIntosh in what is now central Gordon. McIntosh’s estate took its name from the Parish of Gordon, in the County of Cumberland named in the Surveyor-Generalship of Sir Thomas Mitchell (1828-1855).
This parish roughly corresponded with the area of the Shire of Ku-ring-gai, gazetted in 1906. The name “Gordon” was given by Mitchell to honour a superior officer and friend, Sir James Willoughby Gordon, who held the position of Quartermaster-General of the Horse Guards, London. Gordon was accepted as the official name when the post office changed its name from Lane Cove to Gordon in 1879.
Gordon was originally settled under the name “Lane Cove” in the 1820s. Many heritage-listed Federation period properties can be found throughout Gordon, including several Arts and Crafts and Queen Anne style houses, such as the historic Eryldene, built in 1913.
Today, Gordon has become a popular shopping and transport hub for its Upper North Shore neighbours, Pymble and Killara. It’s also the administrative centre for the local government area of Ku-ring-gai Council. With the current population sitting just below 7,700, Gordon makes for a popular place for families to settle down and establish their homes and families.
Like the rest of Sydney’s Upper North Shore, Gordon is composed of leafy streets and convenient amenities, such as the Gordon Centre. There you can also find the Gordon Markets which bring entertainment and unique local stalls to the community every second Sunday of each month.
The area acts as an anchor point for neighbouring suburbs for both transport and local activities, with the commuter carpark at the crossroads of Lane Cove Road and the Pacific Highway making Gordon a popular transport hub.
The Gordon Golf Course offers the perfect place for a casual game of golf or regular meeting spot for keen golfers in the area. As part of the complex, The Bunker and The Club provide great ambiance for dining experiences and special events.
There are many locally-loved cafes and restaurants through Gordon, with American-style Slide N Shake, French-Vietnamese fusion cafe Pottery Green Bakers Gordon, Italian eatery Porto Azzurro and book-loving Chalkboard Cafe being just a few to choose from.
There’s also no shortage of good schools in the area. Gordon West and Gordon East Public Schools and Ravenswood School for Girls are some of the popular schools within the area, with the latter private school catering for Kindergarten to Year 12.
The Gordon property market
Gordon is a popular, family oriented suburb that has seen great stability and growth when looking at the long-term figures for property sales.
70% of the properties in Gordon are owned, with just 30% of the market being composed of rental properties. The average age of Gordon residents falls between 40 to 59, with majority of houses in the area being 4 or 5 bedrooms. Established families and couples, along with older couples and families make up the majority of the Gordon population. In August 2019, the median sale price for a house is sitting at $2,331,000 and units are selling at a median price of $938,000. House prices have tended to remain strong and grow when looking historically, however the same isn’t true for the unit market.
We’ve seen the volumes of rental properties on the market increase, with prices dropping as a result of the increased supply. In Gordon, units spend an average of 57 days on the market, with the number of units for sale more than doubling in the past twelve months, with 48 units listed this year compared to 22 last year.
This slower selling market is also reflected in growth figures, with the average annual capital growth for houses being 7.37%, whereas units come in at 3.75% growth. However, those who invested in a Gordon home just five years ago have doubled their initial outlay, with prices having increased 100% since 2012.
The unit market however has been less volatile when it comes to sale prices in the long-term, with sale prices since May 2018 showing less fluctuations when it comes to units over houses.
For those seeking investment properties, you can expect a house rented out at $1,000 per week to provide an annual rental yield of 2.2%, whereas units rented out at $583 per week typically provide a rental yield of 3.2%.
Make Gordon your home
On the market now, 58a Holford Crescent offers a renovated, 4 bedroom family home near all the amenities central Gordon provides.
If you’d like to make Gordon your home, contact the Chadwick team.