Question 1

Is Gunning a nice place to live?

Accepted Answer

Gunning is a small historic country town on the Southern Tablelands, sitting on the Hume Highway between Canberra and Goulburn. Its compact main street of sandstone and timber buildings provides basic services, including shops, a hotel and community facilities, while the surrounding open grazing country and patches of native bush and a range of housing from weatherboard and stone cottages to larger rural holdings give the town a quietly provincial feel. It suits people after a slower pace, country views and straightforward road links to the region’s larger centres.

About 820 people live in Gunning, with a median age of 38 and a typical household income of $2,049 a week (roughly $106,500 a year). The community is weighted towards couples — 51.3% of families are couple families with children and together with couple families without children they make up about 87% of families — and most homes are owner-occupied (84.8%). Transport includes a heritage station on the Main Southern railway line served by NSW TrainLink as a request stop, and local projects include flood mitigation works plus upgrades and improvements at the showground and nearby footpaths.

Question 2

Is it expensive to live in Gunning?

Accepted Answer

Because there haven't been enough recent sales or rentals in Gunning to produce reliable house or unit price and rent figures, current property costs aren't available for this suburb. That means it's not possible to say how expensive it is to live in Gunning compared with what a typical local household earned at the last Census.

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 Gunning a good place to invest?

Accepted Answer

House values in Gunning fell 7.9% over the past 12 months. That 7.9% decline is the suburb's capital-growth result for houses during the year, so the median house price moved lower over that period.

There isn't enough recent data for unit values or for rents to give a fuller picture, so the available figure only describes house capital movement this year. What that means for your plans will depend on whether capital growth alone fits your investment goals.

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	N/A	N/A
Change in value Past 12 months	-7.9%	N/A
Sold Past 3 months	4	N/A
Median days on market Past 12 months	88	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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