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 -0.81%
If we look at median property appreciation over just the last three months, Gungahlin has given property investors a paper return of 0.20%. This puts Suburb as 73 on a list of fastest fasting appreciating suburbs in ACT
Vendor discounting in Gungahlin is giving property investors an average Vendor Discount of around -1.42%. This puts suburb at number 59th in ACT when ranking the most discounted suburbs.
Residents and property investors in Gungahlin have been waiting around 32.51 days to sell a property.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 3.73%, investors should hope to achieve an overall return of 4.57%
Giving property investors a a stable capital gain of 9.33% for the last year, Gungahlin, 2912 is the 439th highest performer in Australia in this respect.
A 4.68% growth in median value for property investors in Gungahlin,2912 puts this suburb at number 5th in terms of best performing suburbs in ACT
With the median price for a house in Gungahlin being $369000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.07%
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