Giving property investors a a stable capital gain of 7.55% for the last year, Gungahlin, 2912 is the 1624th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gungahlin has increased when compared to the 5 year average annual rate.
Using the current median advertised rental of $570 and the average annual increase in value of a median property of 4.12%, investors should hope to achieve an overall return of 3.85%
Property investors who have had real estate in Gungahlin, 2912 should be unhappy 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 -3.44%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Gungahlin has increased when compared to the 5 year average annual rate.
Gungahlin, 2912 is offering ACT ‘s 7th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this ACT.
Often selling an investment property can take time, and in Gungahlin the average time real estate has been on the market is 86.7193 days.
Advertised rents are around the $450 mark per week – giving a return of 6.29% based on the median price in Suburb
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Information supplied by:
March 2017
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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.