Over the last year, property investments in Gungahlin, 2912 have given investors a capital gain of 5.67%. This compares very badly with the 16.20% for ACT as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Gungahlin comes in at number 87th in ACT.
A $607.5 per week rent on the median house gives suburb investors a gross yield of circa 3.99%, without taking into account capital value appreciation, which has been averaging out at 4.04%.
Gungahlin has had a quite poor year for property investment returns compared to the rest of ACT, giving investors a capital gain of 4.27% to date .
Taking the average capital gain, or increase in median house value, Gungahlin,2912 has racked up an average of 4.27% over the period. This ranks it number 557th in the whole country for real estate investors looking at median house price increases.
Gungahlin, 2912 is offering ACT ‘s 4th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this ACT.
At number 1411 in a list of fastest selling suburbs, Gungahlin is in the bottom 10% of suburbs in Australia with an average of days on market 101.656 for properties listed there.
Advertised rents are around the $460 mark per week – giving a return of 6.12% based on the median price in Suburb
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.