With a capital gain of 18.62% for the last 12 months, Gungahlin, 2912 has performed for property investments than its average annual 4.65% property growth over the last 5 years.
The five-year average increase in median property values for Gungahlin,2912 has given property investors a potential capital gain of 41.91% 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 -3.37% offered to property buyers. Sellers in Gungahlin itself are offering an average vendor discount of -4.23% to real estate investors.
Residents and property investors in Gungahlin have been waiting around 50.35 days to sell a property.
The ACT suburb of Gungahlin, 2912 is in the Unincorporated ACT local government area.
With a capital gain of 1.09% for the last 12 months, Gungahlin, 2912 has performed for property investments than its average annual 1.55% property growth over the last 5 years.
Over the longer term, Gungahlin has seen property prices show investors a 12.18% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Gungahlin is giving property investors an average Vendor Discount of around -3.28%. This puts suburb at number 25th in ACT when ranking the most discounted suburbs.
In the last year 56 properties changed hands in Gungahlin, which puts it as the 23th most active market in ACT when comparing the number of sales per suburb.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
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Information supplied by:
March 2017
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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.Full summary
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.
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