Question 1

Is Gunn a nice place to live?

Accepted Answer

Gunn is an established residential suburb in Palmerston with a quiet, family-focused character. Streets are largely lined with low-set brick homes and private backyards, with pockets of newer infill and townhouses near the suburb’s facilities. Everyday life centres on local parks, playgrounds and sporting fields, while shops and services are close by in Palmerston city. The suburb is well served by road links and public transport into Darwin and the airport, which makes it a practical choice for commuters and for households wanting convenient access to urban amenities without living in the inner city.

It is a community of 2,564 people with a median age of 31, and families are prominent, with couple families with children the largest group. Most homes are owner-occupied (58.4%) while 41.5% are rented. Council-approved upgrades to local open space are planned, including works at Reggie Park and Kintore Park and walking and cycling improvements on Buscall Avenue. That mix of parks, nearby shops and transport links gives a clear idea of what life in Gunn looks like; whether it suits you depends on the sort of suburb you want.

Question 2

Is it expensive to live in Gunn?

Accepted Answer

Houses in Gunn typically rent for about $700 a week, which is roughly 28% of a typical local household's weekly income at the last Census; that income was $2,485 a week.

The median house price of $680,000 is about 5.3 times a typical local household's annual income as recorded at the last Census, so buying sits somewhat above local incomes. On these figures, renting looks the more manageable option compared with buying, but whether that feels expensive will depend on your own 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 Gunn a good place to invest?

Accepted Answer

Median house values in Gunn climbed 24.1% over the past 12 months, a strong rise, while house rents increased 7.7% over the same period, a solid gain. Put simply, house prices have risen by a noticeably larger margin than the rents those houses earn this year.

For someone considering Gunn as an investment, the numbers point to capital growth being the bigger story in the last year, while rental income grew more modestly. Whether that balance suits your objectives and circumstances is something only you can decide.

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	$680K	N/A
Change in value Past 12 months	24.1%	N/A
Sold Past 3 months	16	N/A
Median days on market Past 12 months	56	N/A
Average rent Past 12 months	$700	N/A
Change in rent Past 12 months	7.7%	N/A

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