Property value increases in Gungahlin have tracked lower than the ACT average of 5.75% over the last 12 months.
Taking the average capital gain, or increase in median house value, Gungahlin,2912 has racked up an average of -1.25% over the period. This ranks it number 2307th in the whole country for real estate investors looking at median house price increases.
At number 58th of ACT’s most discounted properties, Gungahlin is in the TOP 20% of the state/territory when listing in order of most discounted to least.
At number 135 in a list of fastest selling suburbs, Gungahlin is in the TOP 10% of suburbs in Australia with an average of days on market 35.53 for properties listed there.
Using the current median advertised rental of $535 and the average annual increase in value of a median property of 3.71%, investors should hope to achieve an overall return of 4.54%
At number 957th in the list of Australian suburbs ordered by increase in median house value over the last year, Gungahlin, 2912 is in the BOTTOM 50% with a property value increase of 1.68% recorded in median house prices.
The five-year average increase in median property values for Gungahlin,2912 has given property investors a potential capital gain of -0.86% across each of those five years.
The ACT suburb of Gungahlin, 2912 is in the Unincorporated ACT local government area.
Larger two-bedroom units are the property of choice for buyers in the suburb of Gungahlin. These dwellings have attracted interest, especially among tenants, because of their affordability.Full summary
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Median unit price: $280,000
Rental yield: 5.75%
Larger two-bedroom units are the property of choice for buyers in the suburb of Gungahlin. These dwellings have attracted interest, especially among tenants, because of their affordability.
The suburb is also less than 30 minutes away from the centre of Canberra, which adds to its appeal. The average vacancy rate dropped considerably from almost 3% to just 2% over a 12-month period, indicating how popular the suburb has become.
In the rental market, studio and one-bedroom apartments are also on the rise. Rents increased by 3%, with average yield clocking in at almost 6%.
Gungahlin is home to several medical centres, as well as a shopping district. There are also cafes, restaurants, a grocery store and a recreation facility. The suburb is well-connected to other parts of the metro via a road network; thus, residents can easily travel by car or bus.Close