Suburb Profile Report for Gungahlin ACT (2912)

Gungahlin House: Median price $716,000, Annual capital growth 4.30%, Number of sales 52, Weekly median advertised rent $593

Gungahlin Unit: Median price $379,500, Annual capital growth 2.10%, Number of sales 61, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Gungahlin have tracked just lower than the ACT average of 2.94% over the last 12 months.

The five-year average increase in median property values for Gungahlin,2912 has given property investors a potential capital gain of 32.47% across each of those five years.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.08% offered to property buyers. Sellers in Gungahlin itself are offering an average vendor discount of -3.98% to real estate investors.

Advertised rents are around the $592.5 mark per week – giving a return of 4.30% based on the median price in Suburb

Gungahlin is in the TOP 20% in ACT when comparing median price capital growth over the last year. Gungahlin gave property investors a very good capital gain figure when compared to the rest of the state, with 10.80%.

While Gungahlin,2912 ranked number 5th in ACT for increase in median house value (annualised) increase, it is ranked 33th over the last 5 years.

Sellers are offering property buyers an average discount of -3.49% to buyers in Gungahlin at the moment, which is less than average for the rest of ACT.

On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.

Information supplied by:


March 2017

M
O

W
E

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.
 

Metrics i HOUSE UNIT
$716,000 $379,500
-0.69% 6.90%
-1.92% 10.80%
4.30% 2.10%
$593 $450
52 61
4.30% 6.17%
62.0526315789474 67.8

Source: Monthly data update for Sep 2019 as supplied by CoreLogic. Data is reported to the period ending Jun 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Gungahlin ACT
Demographics
Total population 5617
Median household income ($/weekly) 2074
Median age of persons 29
Median housing loan repayment ($/monthly) 2167
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 730 13.0
    20-24 years 643 11.4
    25-34 years 1328 23.6
    35-44 years 1034 18.4
    45-54 years 564 10.0
    Others 1318 23.5
    Age Group
    Census Count Percent(%)
    Registered Married 1900 47.2
    Not Married 1650 41.0
    Defacto Relationship 478 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 3307 62.1
    Croatia 379 7.1
    Indonesia 188 3.5
    United Kingdom 148 2.8
    Other 336 6.3
    Others 967 18.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 346 6.8
    Christianity 2796 54.8
    Hinduism 216 4.2
    Islam 208 4.1
    No Religion 1456 28.6
    Others 76 1.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 154 8.9
    $1,500-$1,999 265 15.2
    $2,000-$2,499 225 12.9
    $2,500-$2,999 256 14.7
    $3,000-$3,499 177 10.2
    Others 661 38.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2328 56.2
    Not in the labour force 781 18.8
    Employed, worked part-time 723 17.4
    Employed, away from work 195 4.7
    Unemployed, looking for work 119 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 507 15.6
    Professionals 877 27.0
    Technicians & trades workers 383 11.8
    Community & personal service workers 314 9.7
    Clerical & administrative workers 601 18.5
    Others 566 17.4
    Occupation
    Census Count Percent(%)
    Pre-school 108 6.3
    Infants/Primary 500 29.3
    Secondary 320 18.8
    Technical or Further Educational Institution 186 10.9
    University or other Tertiary Institutions 542 31.8
    Others 48 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2711 51.0
    Semi-detached, row or terrace house, townhouse 1759 33.1
    Flat, unit or apartment 804 15.1
    House or flat attached to a shop, office 38 0.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 955 50.7
    Being purchased 733 38.9
    Fully owned 190 10.1
    Other tenure type 5 0.3
    Tenure Type
Census 2011, ABS
Chart Table