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 $726,500.
The upward trend in home prices in GUNGAHLIN, 2912 averaged 8.78% per annum over a 3-year period.
Average weekly rents on listings have reached the $540 mark, reflecting a 3.87% increase in returns based on the current median price in GUNGAHLIN.
An average of 4.08 real estate transactions take place per month in GUNGAHLIN which translates to 49 per annum.
49 properties were sold in GUNGAHLIN in 2016, making it the 24th most active market in ACT based on total real estate transactions.
GUNGAHLIN, 2912 places 53rd 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 $380,000.
Average median unit prices in ACT have risen as a whole, pulling GUNGAHLIN, 2912 values up and netting property investors a capital gain of 4.13% for the past year.
Investors saw the median home price rise to $380,000.
The upward trend in home prices in GUNGAHLIN, 2912 averaged 6.25% per annum over a 3-year period.
GUNGAHLIN now ranks at the 25th 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 $390 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 123.5 days.
105 properties were sold in GUNGAHLIN in 2016, making it the 69th most active market in ACT based on total real estate transactions.
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