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Gungahlin
AREA REPORTS

Gungahlin

Gungahlin - 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 $778,000.

The upward trend in home prices in GUNGAHLIN, 2912 averaged 2.56% per annum over a 3-year period.

Average weekly rents on listings have reached the $600 mark, reflecting a 4.01% increase in returns based on the current median price in GUNGAHLIN.

An average of 6.17 real estate transactions take place per month in GUNGAHLIN which translates to 74 per annum.

74 properties were sold in GUNGAHLIN in 2016, making it the 12th most active market in ACT based on total real estate transactions.

GUNGAHLIN, 2912 places 39th in Australia based on median property value growth during the quarter.

Data report can be found below

Gungahlin
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $778,000 $377,500
GROWTH REPORT
Median Quarterly 3.73% 1.48%
Median 12 month 2.37% -1.95%
Median 3 years 7.68% 2.04%
Median 5 years 25.48% 10.62%
10 years average annual 4.29% 2.04%
Weekly media advert. rent $600 $460
Time on Market 82.5 days 102.1 days
Gross Rental Yield Percent 4.01% 6.34%
demographics (median values)*
Total Population
6142
Weekly Household Income
2065
Household Size
2.80
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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