Gungahlin, 2912 ranked 52th 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 1.03% over the last quarter.
Gungahlin2912 is located in ACT which offers an average discount of -3.53% to property investors. Gungahlin itself is showing figures that indicate -5.23% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $550 and the average annual increase in value of a median property of 4.40%, investors should hope to achieve an overall return of 3.90%
With a capital gain of 7.71% for the last 12 months, Gungahlin, 2912 has performed for property investments than its average annual 2.29% property growth over the last 5 years.
Comparing Gungahlin,2912 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Gungahlin should be aiming for at least -6.39% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Gungahlin the average time real estate has been on the market is 106.6 days.
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Information supplied by:
March 2017
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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
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.
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