Giving property investors a an average capital gain of -1.99% for the last year, Gungahlin, 2912 is the 2086th highest performer in Australia in this respect.
A 32.13% growth in median value for property investors in Gungahlin,2912 puts this suburb at number 43th in terms of best performing suburbs in ACT
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.49% offered to property buyers. Sellers in Gungahlin itself are offering an average vendor discount of -3.95% to real estate investors.
Gungahlin, 2912’s gross rental yield is 4.36%
Property investors who have had real estate in Gungahlin, 2912 should be pleased 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 9.55%
Over the longer term, Gungahlin has seen property prices show investors a 5.41% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -4.64% to buyers in Gungahlin at the moment, which is less than average for the rest of ACT.
At number 880 in a list of fastest selling suburbs, Gungahlin is in the bottom 40% of suburbs in Australia with an average of days on market 92.1731 for properties listed there.
Situated 10.55km from the CBD, Gungahlin is one of Unincorporated ACT localities in the postcode 2912.
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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.