Suburb Profile Report for Gungahlin ACT (2912)

Gungahlin House: Median price $737,000, Annual capital growth 4.29%, Number of sales 61, Weekly median advertised rent $550

Gungahlin Unit: Median price $400,450, Annual capital growth 2.21%, Number of sales 121, Weekly median advertised rent $400

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

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%

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.
 

Close
Metrics i HOUSE UNIT
$737,000 $400,450
1.10% 0.77%
4.99% 10.95%
4.29% 2.21%
$550 $400
61 121
3.88% 5.19%
69.15 131.18

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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