Over the last year, property investments in Gungahlin, 2912 have given investors a capital gain of 5.95%. This compares averagely with the 6.10% for ACT as a whole.
Gungahlin,2912 was ranked 1438 in Australia by increase in median property value over the quarter.
Property buyers and investors in Gungahlin 2912 should be seeing an average reduction in asking price of around -5.00% . This means that Gungahlin is holding prices well when compared to other suburbs in ACT.
Gungahlin is 46th on a list of best yielding suburbs for rents in ACT with a 3.87% return
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 14.35%
If we look at median property appreciation over just the last three months, Gungahlin has given property investors a paper return of 1.79%. This puts Suburb as 23 on a list of fastest fasting appreciating suburbs in ACT
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Gungahlin, 2912. Typically our figures indicate that -6.39% is being offered, which puts this ACT suburb at 364th most discounted overall in Australia.
On average over the past year, suburb has had 9.83 sales per month, which equates to 118 per year.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 5.03%, without taking into account capital value appreciation, which has been averaging out at 2.40%.
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
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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.Close