Question 1

Is Gungahlin a nice place to live?

Accepted Answer

Gungahlin is Canberra’s northern town-centre suburb, anchored by the Gungahlin Town Centre and Yerrabi Pond where cafés and civic services sit beside public open space. It mixes newer freestanding family homes on leafy streets with apartment and townhouse clusters close to shops. The suburb has 8,586 residents, a median age of 31 and a median household income of $2,208 a week, and its population is weighted towards couple families.

Everyday life is practical: playgrounds, sports fields and community facilities are nearby, and frequent buses plus the light rail give good commuter links to the city. Major town-centre projects are planned or under way, including an expanded light rail, a new transport interchange next to the CIT and a funded community centre with youth, arts and multipurpose spaces, alongside leisure-centre upgrades and land releases for community and affordable housing. With more renters than owner-occupiers, Gungahlin tends to suit younger households and professionals; whether it fits you depends on what you’re after.

Question 2

Is it expensive to live in Gungahlin?

Accepted Answer

Against local household incomes as recorded at the most recent Census, housing costs in Gungahlin show a clear split between buying and renting. A median house at $867,500 works out to about 7.6 times a typical local annual household income at the last Census, which sits well above local incomes. A median unit at $425,000 is about 3.7 times annual income, nearer the more affordable end of that scale. For renters, a house rent of $720 a week is roughly 32.6% of a typical local household's weekly income at the last Census (a sizeable share), while a unit rent of $540 a week is about 24.5% (a moderate share). Whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Gungahlin a good place to invest?

Accepted Answer

Over the past 12 months Gungahlin has seen modest falls in property values alongside modest rises in rents. Median house values fell 3.3% and median unit values fell 2.3%, while house rents rose 2.9% and unit rents rose 3.8%, with unit rents increasing slightly faster than house rents.

Put simply, the value figures point to a modest decline in capital value over the year, while the rent figures point to modestly higher rental income. Which of those outcomes matters more will depend on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$868K	$425K
Change in value Past 12 months	-3.3%	-2.3%
Sold Past 3 months	26	56
Median days on market Past 12 months	42	70
Average rent Past 12 months	$720	$540
Change in rent Past 12 months	2.9%	3.8%

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