Gungahlin is in the TOP 20% in ACT when comparing median price capital growth over the last year. Gungahlin gave property investors a very good capital gain figure when compared to the rest of the state, with 13.23%.
The five-year average increase in median property values for Gungahlin,2912 has given property investors a potential capital gain of 36.31% across each of those five years.
Property buyers and investors in Gungahlin 2912 should be seeing an average reduction in asking price of around -4.42% . This means that Gungahlin is holding prices well when compared to other suburbs in ACT.
A $530 per week rent on the median house gives suburb investors a gross yield of circa 3.93%, without taking into account capital value appreciation, which has been averaging out at 4.85%.
Gungahlin is an average performer in ACT when comparing median price capital growth over the last year. Gungahlin gave property investors a average capital gain figure when compared to the rest of the state, with 5.05%.
A 3.84% growth in median value for property investors in Gungahlin,2912 puts this suburb at number 39th in terms of best performing suburbs in ACT
In the last year 46 properties changed hands in Gungahlin, which puts it as the 24th most active market in ACT when comparing the number of sales per suburb.
With the median price for a house in Gungahlin being $358500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 5.22%
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