Gungahlin

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 weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,051,750.

The upward trend in home prices in GUNGAHLIN, 2912 averaged 5.19% per annum over a 3-year period.

Average weekly rents on listings have reached the $745 mark, reflecting a 3.68% increase in returns based on the current median price in GUNGAHLIN.

An average of 5.33 real estate transactions take place per month in GUNGAHLIN which translates to 64 per annum.

64 properties were sold in GUNGAHLIN in 2016, making it the 18th most active market in ACT based on total real estate transactions.

GUNGAHLIN, 2912 places 32nd in Australia based on median property value growth during the quarter.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $450,500.

Investors saw the median home price rise to $450,500.

The downward trend in home prices in GUNGAHLIN, 2912 averaged -0.33% per annum over a 3-year period.

GUNGAHLIN now ranks at the 49th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in GUNGAHLIN are low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In GUNGAHLIN, homes and units usually stay on listing for an average of 87.6 days.

184 properties were sold in GUNGAHLIN in 2016, making it the 45th most active market in ACT based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,051,750	$450,500
Growth Report
Median Quarterly	2.36%	-4.15%
Median 12 month	15.01%	-0.44%
Median 3 years	15.58%	-0.99%
Median 5 years	35.19%	12.63%
10 years average annual	5.7%	3.02%
Weekly media advert. rent	$745	$550
Time on Market	60.5 days	87.6 days
Gross Rental Yield Percent	3.68%	6.35%

Demographics (Median Values)*

Total Population 6142

Weekly Household Income 2065

Household Size 2.80

Average Age 31

Monthly Loan Repayment 2039

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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