Investment property in Gungahlin has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.08%
If we look at median property appreciation over just the last three months, Gungahlin has given property investors a paper return of 0.00%. This puts Suburb as 48 on a list of fastest fasting appreciating suburbs in ACT
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.16% offered to property buyers. Sellers in Gungahlin itself are offering an average vendor discount of -4.07% to real estate investors.
Property investors should expect to get $520 weekly from the median priced house in this suburb.
Over the last year, property investments in Gungahlin, 2912 have given investors a capital gain of 6.08%. This compares favourably with the -0.70% for ACT as a whole.
Comparing Gungahlin,2912 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Gungahlin is giving property investors an average Vendor Discount of around -4.14%. This puts suburb at number 20th in ACT when ranking the most discounted suburbs.
Gungahlin is 35th on a list of best yielding suburbs for rents in ACT with a 4.90% return
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.