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AREA REPORTS

Gungahlin

Suburb Profile

Gungahlin - FREE SUBURB PROFILE REPORT
POSTAL CODE: ACT,2912

house
unit

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $760,000.

The upward trend in home prices in GUNGAHLIN, 2912 averaged 2.65% per annum over a 3-year period.

Average weekly rents on listings have reached the $580 mark, reflecting a 3.97% increase in returns based on the current median price in GUNGAHLIN.

An average of 4.25 real estate transactions take place per month in GUNGAHLIN which translates to 51 per annum.

51 properties were sold in GUNGAHLIN in 2016, making it the 28th most active market in ACT based on total real estate transactions.

GUNGAHLIN, 2912 places 59th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $760,000 $385,000
GROWTH REPORT
Median Quarterly 0.66% 1.32%
Median 12 month 6.15% 2.67%
Median 3 years 7.95% 16.14%
Median 5 years 28.27% 19.38%
10 years average annual 4.07% 2.68%
Weekly media advert. rent $580 $450
Time on Market 71.1 days 103.8 days
Gross Rental Yield Percent 3.97% 6.08%
demographics (median values)
Total Population
3853
Weekly Household Income
1821
Household Size
2.90
demographics
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