ACT has seen average median house prices change by 4.46% which means that Gungahlin, 2912 has done well for property investors by showing a capital gain of -1.10% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Gungahlin comes in at number 51th in ACT.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.05% offered to property buyers. Sellers in Gungahlin itself are offering an average vendor discount of -3.90% to real estate investors.
Gungahlin is 53th on a list of best yielding suburbs for rents in ACT with a 4.06% return
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 decrease in value by -0.14%
Gungahlin,2912 was ranked 74 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Gungahlin should be aiming for at least -4.07% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.
Property investors should expect to get $420 weekly from the median priced house in this 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.