ACT has seen average median house prices change by 5.35% which means that Gungahlin, 2912 has done well for property investors by showing a capital gain of 4.99% over the last year
If we look at median property appreciation over just the last three months, Gungahlin has given property investors a paper return of 1.10%. This puts Suburb as 40 on a list of fastest fasting appreciating suburbs in ACT
Sellers are offering property buyers an average discount of -3.84% to buyers in Gungahlin at the moment, which is less than average for the rest of ACT.
Situated 10.75km from the CBD, Gungahlin is one of Unincorporated ACT localities in the postcode 2912.
Gungahlin has had a A very good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 10.95% to date .
The five-year average increase in median property values for Gungahlin,2912 has given property investors a potential capital gain of 11.55% across each of those five years.
Property buyers and investors in Gungahlin 2912 should be seeing an average reduction in asking price of around -7.40% . This means that Gungahlin is holding prices well when compared to other suburbs in ACT.
Residents and property investors in Gungahlin have been waiting around 131.18 days to sell a property.
Gungahlin, 2912’s gross rental yield is 5.19%
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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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