Property investors who have had real estate in Gungahlin, 2912 should be ok with this ACT suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.19%
Gungahlin,2912 was ranked 1852 in Australia by increase in median property value over the quarter.
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 -5.19% is being offered, which puts this ACT suburb at 2807th most discounted overall in Australia.
Gungahlin, 2912’s gross rental yield is 3.97%
With a capital gain of -1.16% for the last 12 months, Gungahlin, 2912 has performed for property investments than its average annual 0.25% property growth over the last 5 years.
While Gungahlin,2912 ranked number 42th in ACT for increase in median house value (annualised) increase, it is ranked 44th over the last 5 years.
Property buyers and investors in Gungahlin 2912 should be seeing an average reduction in asking price of around -4.31% . This means that Gungahlin is holding prices well when compared to other suburbs in ACT.
In the last year 54 properties changed hands in Gungahlin, which puts it as the 15th most active market in ACT when comparing the number of sales per suburb.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 0.25%, investors should hope to achieve an overall return of 6.27%
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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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