At number 3551th in the list of Australian suburbs ordered by increase in median house value over the last year, Gungahlin, 2912 is in the BOTTOM 20% with a property value increase of -0.66% recorded in median house prices.
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.
The ACT suburb of Gungahlin, 2912 is in the Unincorporated ACT local government area.
Investment property in Gungahlin has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.40%
Comparing Gungahlin,2912 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -4.25% is being offered, which puts this ACT suburb at 512th most discounted overall in Australia.
Residents and property investors in Gungahlin have been waiting around 94.3725 days to sell a property.
With the median price for a house in Gungahlin being $366000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 6.39%
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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.