At number 1810th in the list of Australian suburbs ordered by increase in median house value over the last year, Gungahlin, 2912 is in the top half with a property value increase of -0.68% recorded in median house prices.
Gungahlin,2912 has offered an average of -0.68% return per annum in house price rises to property investors over the last three years.
Renters in Suburb are facing rents around $31200 per annum or $600 every week.
Gungahlin, 2912 ranked 4th 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
Gungahlin,2912 has offered an average of 14.01% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Gungahlin are currently offering property investors an average price cut of -2.97% below the asking price at the moment.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 6.19%, without taking into account capital value appreciation, which has been averaging out at 2.42%.
Information supplied by:
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.