ACT has seen average median house prices change by 6.75% which means that Gungahlin, 2912 has done well for property investors by showing a capital gain of 5.00% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Gungahlin comes in at number 32th in ACT.
Vendor discounting in Gungahlin is giving property investors an average Vendor Discount of around -1.71%. This puts suburb at number 55th in ACT when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Gungahlin the average time real estate has been on the market is 31.22 days.
Using the current median advertised rental of $540 and the average annual increase in value of a median property of 4.23%, investors should hope to achieve an overall return of 4.31%
With a capital gain of 9.33% for the last 12 months, Gungahlin, 2912 has performed for property investments than its average annual 2.44% property growth over the last 5 years.
A 3.94% growth in median value for property investors in Gungahlin,2912 puts this suburb at number 7th in terms of best performing suburbs in ACT
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Advertised rents are around the $360 mark per week – giving a return of 5.07% 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
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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