Suburb Profile Report for Gungahlin ACT (2912)

Gungahlin House: Median price $750,000, Annual capital growth 3.99%, Number of sales 59, Weekly median advertised rent $600

Gungahlin Unit: Median price $366,000, Annual capital growth 1.60%, Number of sales 92, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

At number 3551th in the list of Australian suburbs ordered by increase in median house value over the last year, Gungahlin, 2912 is in the BOTTOM 20% with a property value increase of -0.66% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gungahlin has increased when compared to the 5 year average annual rate.

The ACT suburb of Gungahlin, 2912 is in the Unincorporated ACT local government area.

Investment property in Gungahlin has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.40%

Comparing Gungahlin,2912 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Gungahlin, 2912. Typically our figures indicate that -4.25% is being offered, which puts this ACT suburb at 512th most discounted overall in Australia.

Residents and property investors in Gungahlin have been waiting around 94.3725 days to sell a property.

With the median price for a house in Gungahlin being $366000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 6.39%

Information supplied by:


March 2017

M
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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.
 

Metrics i HOUSE UNIT
$750,000 $366,000
-1.45% -1.55%
-0.66% -2.40%
3.99% 1.60%
$600 $450
59 92
4.16% 6.39%
77.5238095238095 94.3725490196078

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 5617
Median household income ($/weekly) 2074
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 730 13.0
    20-24 years 643 11.4
    25-34 years 1328 23.6
    35-44 years 1034 18.4
    45-54 years 564 10.0
    Others 1318 23.5
    Age Group
    Census Count Percent(%)
    Registered Married 1900 47.2
    Not Married 1650 41.0
    Defacto Relationship 478 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3307 62.1
    Croatia 379 7.1
    Indonesia 188 3.5
    United Kingdom 148 2.8
    Other 336 6.3
    Others 967 18.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 346 6.8
    Christianity 2796 54.8
    Hinduism 216 4.2
    Islam 208 4.1
    No Religion 1456 28.6
    Others 76 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 154 8.9
    $1,500-$1,999 265 15.2
    $2,000-$2,499 225 12.9
    $2,500-$2,999 256 14.7
    $3,000-$3,499 177 10.2
    Others 661 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2328 56.2
    Not in the labour force 781 18.8
    Employed, worked part-time 723 17.4
    Employed, away from work 195 4.7
    Unemployed, looking for work 119 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 507 15.6
    Professionals 877 27.0
    Technicians & trades workers 383 11.8
    Community & personal service workers 314 9.7
    Clerical & administrative workers 601 18.5
    Others 566 17.4
    Occupation
    Census Count Percent(%)
    Pre-school 108 6.3
    Infants/Primary 500 29.3
    Secondary 320 18.8
    Technical or Further Educational Institution 186 10.9
    University or other Tertiary Institutions 542 31.8
    Others 48 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2711 51.0
    Semi-detached, row or terrace house, townhouse 1759 33.1
    Flat, unit or apartment 804 15.1
    House or flat attached to a shop, office 38 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 955 50.7
    Being purchased 733 38.9
    Fully owned 190 10.1
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
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