Infrastructure Boom: How the New Gungahlin to City Transit Corridor is Lifting Nearby Property Values

The completion of the Gungahlin to City Transit Corridor has sparked a surge in property values in nearby suburbs, with real estate agents reporting increased interest in areas such as Harrison and Franklin.

This trend is particularly significant in the current market, where the ACT's median house price has reached around $835,000, and public servants are looking for affordable options in growth corridors like Gungahlin and Belconnen. The low vacancy rate in Canberra is also driving up prices, making infrastructure projects like the transit corridor a major drawcard for buyers.

In areas like Flemington Road and Nullarbor Avenue, the new transit corridor has brought a wave of new amenities and services, including shops, restaurants, and community facilities. The University of Canberra and the Australian Institute of Health and Welfare are also nearby, making the area attractive to students, professionals, and families. The Gungahlin Town Centre, with its range of shops and community facilities, is also within walking distance of many of the new developments.

According to data from the Real Estate Institute of the ACT, property prices in Harrison have risen by around 10% in the past six months, with the median house price now sitting at around $920,000. In Franklin, prices have increased by around 8% over the same period, with the median house price now at around $880,000. The auction clearance rate in these areas is also high, at around 70%, indicating strong demand from buyers. As of June 2026, the ACT Government's Land Development Agency has reported a significant increase in sales enquiries for new developments in the area.

What's Driving the Growth?

The combination of new infrastructure, amenities, and services is driving the growth in property values in these areas. The ACT Government's investment in the transit corridor has brought a new level of connectivity and convenience to the area, making it an attractive option for buyers who want to be close to the city but also have access to amenities and services. The Gungahlin Community Council has also welcomed the new development, citing the benefits of increased investment and job creation in the area.

For buyers looking to take advantage of the growing property market in Canberra's north, it's essential to do their research and move quickly. With prices rising rapidly, buyers need to be prepared to act fast to secure a property in these sought-after suburbs. The ACT Government's website provides information on new developments and infrastructure projects, and real estate agents are also a valuable source of information and advice. As the market continues to grow and evolve, it's likely that we'll see even more interest in areas like Harrison and Franklin, making them a smart choice for buyers looking for a solid investment opportunity.