At number 1236th in the list of Australian suburbs ordered by increase in median house value over the last year, Gungahlin, 2912 is in the top 30% with a property value increase of 12.19% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Gungahlin,2912 has racked up an average of 12.19% over the period. This ranks it number 1370th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Gungahlin are currently offering property investors an average price cut of -3.53% below the asking price at the moment.
In the last year 53 properties changed hands in Gungahlin, which puts it as the 30th most active market in ACT when comparing the number of sales per suburb.
Advertised rents are around the $525 mark per week – giving a return of 3.88% based on the median price in Suburb
Property investors who have had real estate in Gungahlin, 2912 should be relatively unhappy with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.28%
Over the longer term, Gungahlin has seen property prices show investors a -6.49% return over the last 3 years. This is an improvement over the last 12 months
Advertised rents are around the $360 mark per week – giving a return of 5.41% based on the median price in Suburb
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
Information supplied by:
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