Secure a slice of the market while Gungahlin house prices surge
Gungahlin has been confirmed as the ACT’s superstar property performer with a whopping annual house price increase of 12.1 per cent, according to the latest Domain data..
The June quarter median price for detached houses prices increased from $606,500 to $680,000 in Gungahlin. Units also performed strongly with a growth of 5.2 per cent to $407,500.
Agent Shan Gao of LJ Hooker Gungahlin says there are a number of reasons for the northern region’s stellar performance.
“There’s a wide range of dwellings including apartments, townhouses and detached homes – construction is still booming,” he says.
“And you’ve got new areas like Taylor bringing in more people.”
Gao says homebuyers are also are drawn by the newness of the Gungahlin region and to the presence of great infrastructure and amenity.
“The town centre is proving to be a real hub and people are taking positions along the light rail route in anticipation of the property price increases it could deliver,” he says.
Jeremy Redgrove of The Real Estate Shop, who lists this week’s feature property, says the growth of Gungahlin is reminiscent of Tuggeranong’s early development.
“I’m not entirely surprised by its performance. A lot of money has been invested in the Gungahlin model and people are responding,” he says.
“It certainly has a lot to offer in terms of lifestyle and I think that its convenient access to the Hume Highway is also a contributor, particularly for people exiting the Sydney market for a more relaxed environment.”
Gungahlin’s hot buttons
- Location. Gungahlin is about 25 minutes from the Canberra CBD and about the same from Greenway in Tuggeranong. It also has easy access to the Hume Highway to Sydney or Melbourne.
- Choice. There is a wide range of suburbs and dwelling types – from apartments in the Gungahlin town centre to family homes on a range of block sizes. Average home price: $680,000; units: $407,500.
- Infrastructure. The Gungahlin region enjoys significant investment in its town centre, roads, schools, and green spaces. The impending arrival of light rail has attracted many new residents to properties along its route.
Top pick of homes on the market in Gungahlin
Price guide: $750,000 +
4 bed 2 bath 2 parking
This two-storey Ngunnawal home has been strongly influenced by the Cape Code school of architectural design with a characteristic steep-pitched roof and dormer windows.
Inside, the 207 square-metre home benefits from an abundance of natural light, high ceilings and terracotta tiles through most of the living areas.
The large living area is distinguished by a ceiling rose, an open fireplace and cedar-framed, double glazed doors that open onto to a very private garden.
The galley-style kitchen has plenty of storage and bench space, and a servery to the adjoining dining room. There are three bedrooms on this level, serviced by a family bathroom and powder room.
Upstairs could be considered a separate parents’ retreat. There is also an open landing that could be used as a study space or a place to read.
The master bedroom is huge and has a bay window and another study space. There’s an indulgent dressing room with plenty of robe space and a large ensuite.
Ducted gas heating provides the comfort factor throughout.
Mature cottage gardens surround the home, which sits on a 756 square-metre corner block. There’s a 50 square-metre double garage with workshop, and plenty of space for additional parking.
It’s less than one kilometre to the local primary school and very close to Marketplace Gungahlin shopping centre with its variety of stores, restaurants and cafes.
Private sale
Agent: The Real Estate Shop, Jeremy Redgrove 0405 313 905
Or try these
Allhomes or try these aug 11 Photo: Supplied
Price guide: $840,000 +
4 bed 3 bath 2 parking
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Price guide: $745,000 +
4 bed 3 bath 2 parking
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Price guide: $799,000
EER: 5.5
4 bed 3 bath 2 parking
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