Property investors who have had real estate in Gungahlin, 2912 should be relatively 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 10.77%
Gungahlin,2912 has offered an average of 10.77% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Gungahlin 2912 should be seeing an average reduction in asking price of around -3.51% . This means that Gungahlin is holding prices well when compared to other suburbs in ACT.
Renters in Suburb are facing rents around $6360 per annum or $530 every week.
Gungahlin has had a pretty good year for property investment returns compared to the rest of ACT, giving investors a capital gain of 6.43% to date .
Across a shorter period, Gungahlin, 2912 has seen a median price increase of 7.35% over the last quarter.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
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