Giving property investors a an average capital gain of 4.64% for the last year, Gungahlin, 2912 is the 2084th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Gungahlin has given property investors a paper return of -1.59%. This puts Suburb as 71 on a list of fastest fasting appreciating suburbs in ACT
Property investors looking for a bargain in Gungahlin should be aiming for at least -4.07% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $6000 per annum or $500 every week.
If you compare the increase in value of investment property in Gungahlin, 2912 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this ACT suburb was 8.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Gungahlin comes in at number 46th in ACT.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.98% offered to property buyers. Sellers in Gungahlin itself are offering an average vendor discount of -3.79% to real estate investors.
Gungahlin, 2912’s gross rental yield is 4.81%
In a city where land release and development is notoriously tricky, the new town centre of Gungahlin has been hitting the radar of ACT’s property investors. It may not be one of Canberra’s inner suburbs, but it has good amenities and solid growth figures. The median house price here is affordable for Canberra’s high earners as well as a fair proportion of investors.Full summary
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In a city where land release and development is notoriously tricky, the new town centre of Gungahlin has been hitting the radar of ACT’s property investors. It may not be one of Canberra’s inner suburbs, but it has good amenities and solid growth figures. The median house price here is affordable for Canberra’s high earners as well as a fair proportion of investors.
With the suburb’s population growing by 16% per year on average, it’s perhaps not surprising that its listings now lean towards modern properties. Single storey houses of $500,000-plus dominate, while a few grander two-storey properties are also on offer for $600,000 and beyond.
While its distance from the Canberra CBD knocks it back somewhat in the accessibility stakes, Gungahlin will certainly attract residents who like to be close to nature. Within a couple of kilometres of the town centre are Mulligans Flat Nature Reserve, Mulanggari Grasslands Nature Reserve and the popular Yerrabi Pond.
Its rental market is strong, with a vacancy rate that hovers between 0% and 1.5% according to SQM Research, and a tenant base that’s expected by SQM to rise to 40% of the local population over the next five years.
Gungahlins’s residents are also slightly wealthier than Canberra’s population as a whole, with the average family income of $1,928 beating the Canberra-wide equivalent of $1,874 by just under 3% at the last Census. SQM predicts this gap to widen to 17% over the next five years.