ACT has seen average median house prices change by 5.15% which means that Gungahlin, 2912 has done well for property investors by showing a capital gain of 0.37% 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 49th in ACT.
Gungahlin2912 is located in ACT which offers an average discount of -4.11% to property investors. Gungahlin itself is showing figures that indicate -1.96% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $535 mark per week – giving a return of 4.54% based on the median price in Suburb
Investment property in Gungahlin has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.45%
Gungahlin,2912 was ranked 1090 in Australia by increase in median property value over the quarter.
In the last year 55 properties changed hands in Gungahlin, which puts it as the 20th most active market in ACT when comparing the number of sales per suburb.
The ACT suburb of Gungahlin, 2912 is in the Unincorporated ACT local government area.
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.