Suburb Profile Report for Gungahlin ACT (2912)

Gungahlin House: Median price $620,000, Annual capital growth 4.49%, Number of sales 64, Weekly median advertised rent $500

Gungahlin Unit: Median price $351,000, Annual capital growth 2.36%, Number of sales 41, Weekly median advertised rent $325

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%

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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.Full summary

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.

Close
HOUSE UNIT
$620,000 $351,000
-1.59% 5.01%
4.64% 8.00%
4.49% 2.36%
$500 $325
64 41
4.19% 4.81%
49.34 110.72

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Gungahlin ACT
Demographics
Total population 5617
Median household income ($/weekly) 2074
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 730 13.0
    20-24 years 643 11.4
    25-34 years 1328 23.6
    35-44 years 1034 18.4
    45-54 years 564 10.0
    Others 1318 23.5
    Age Group
    Census Count Percent(%)
    Registered Married 1900 47.2
    Not Married 1650 41.0
    Defacto Relationship 478 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3307 62.1
    Croatia 379 7.1
    Indonesia 188 3.5
    United Kingdom 148 2.8
    Other 336 6.3
    Others 967 18.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 346 6.8
    Christianity 2796 54.8
    Hinduism 216 4.2
    Islam 208 4.1
    No Religion 1456 28.6
    Others 76 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 154 8.9
    $1,500-$1,999 265 15.2
    $2,000-$2,499 225 12.9
    $2,500-$2,999 256 14.7
    $3,000-$3,499 177 10.2
    Others 661 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2328 56.2
    Not in the labour force 781 18.8
    Employed, worked part-time 723 17.4
    Employed, away from work 195 4.7
    Unemployed, looking for work 119 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 507 15.6
    Professionals 877 27.0
    Technicians & trades workers 383 11.8
    Community & personal service workers 314 9.7
    Clerical & administrative workers 601 18.5
    Others 566 17.4
    Occupation
    Census Count Percent(%)
    Pre-school 108 6.3
    Infants/Primary 500 29.3
    Secondary 320 18.8
    Technical or Further Educational Institution 186 10.9
    University or other Tertiary Institutions 542 31.8
    Others 48 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2711 51.0
    Semi-detached, row or terrace house, townhouse 1759 33.1
    Flat, unit or apartment 804 15.1
    House or flat attached to a shop, office 38 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 955 50.7
    Being purchased 733 38.9
    Fully owned 190 10.1
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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