Gungahlin, 2912 ranked 34th in ACT when comparing growth in median property values or capital gain over the last 12 months. Gungahlin is one of 126 in our list for ACT
A 17.00% growth in median value for property investors in Gungahlin,2912 puts this suburb at number 36th in terms of best performing suburbs in ACT
Property buyers and investors in Gungahlin 2912 should be seeing an average reduction in asking price of around -5.02% . This means that Gungahlin is holding prices well when compared to other suburbs in ACT.
The ACT suburb of Gungahlin, 2912 is in the Unincorporated ACT local government area.
Property value increases in Gungahlin have tracked higher than the ACT average of -1.57% over the last 12 months.
Gungahlin,2912 has offered an average of 10.62% return per annum in house price rises to property investors over the last three years.
A $335 per week rent on the median house gives suburb investors a gross yield of circa 4.85%, without taking into account capital value appreciation, which has been averaging out at 2.43%.
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.