Gungahlin, 2912 ranked 38th 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
Across a shorter period, Gungahlin, 2912 has seen a median price increase of -1.32% over the last quarter.
In the last year 48 properties changed hands in Gungahlin, which puts it as the 40th most active market in ACT when comparing the number of sales per suburb.
Situated 10.72km from the CBD, Gungahlin is one of Unincorporated ACT localities in the postcode 2912.
At number 995th in the list of Australian suburbs ordered by increase in median house value over the last year, Gungahlin, 2912 is in the BOTTOM 40% with a property value increase of -1.95% recorded in median house prices.
Comparing Gungahlin,2912 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Gungahlin2912 is located in ACT which offers an average discount of -2.71% to property investors. Gungahlin itself is showing figures that indicate -3.71% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Gungahlin being $375000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 6.10%
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Information supplied by:
March 2017
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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.