Gungahlin's median house price has increased by 10% in the past 12 months, reaching $730,000. This growth is largely driven by the suburb's new infrastructure, including the recently completed Gungahlin to City transit corridor and the upcoming Gungahlin Marketplace redevelopment.
The current property market in Canberra is highly competitive, with low vacancy rates and high demand for housing in growth corridors like Gungahlin and Belconnen. The Australian Capital Territory's (ACT) median house price has reached $835,000, making it essential for buyers to look for suburbs with potential for long-term growth and investment returns. With its new infrastructure and amenities, Gungahlin is becoming an attractive option for public servant buyers and investors.
Local amenities, such as the Gungahlin Marketplace, the Gungahlin Library, and the nearby Yerrabi Pond District Park, are also contributing to the suburb's appeal. The suburb is home to several schools, including Harrison School and Burgmann Anglican School, making it a popular choice for families. Additionally, the nearby Light Rail terminus on Flemington Road and the intersection of Horse Park Drive and Anthony Rolfe Avenue provide easy access to the city and other parts of Canberra.
New Developments and Infrastructure Projects
According to data from the ACT Planning and Land Authority, there are currently 15 new developments underway in Gungahlin, including the $1.2 billion Gungahlin Town Centre redevelopment. This project, which is expected to be completed by 2028, will feature a mix of residential, commercial, and retail spaces, as well as a new civic centre and community facilities. The suburb's auction clearance rate has also been steadily increasing, reaching 70% in June 2026, with properties on streets like The Valley Avenue and Ernest Cavanagh Street attracting strong interest from buyers.
The latest sales data from organisations like Allhomes and Domain shows that the average rental yield for properties in Gungahlin is around 4.2%, making it an attractive option for investors. With the suburb's population expected to grow by 20% in the next five years, according to the ACT Government's population projections, it is likely that demand for housing will continue to drive up prices. As of July 2026, the average house price in Gungahlin is $730,000, with units selling for an average of $520,000.
For buyers and investors looking to take advantage of Gungahlin's growth potential, it is essential to act quickly. With new infrastructure and developments coming online, the suburb is likely to continue to attract strong interest from buyers and renters. The ACT Government's Land Release Program, which aims to release more land for development in growth corridors like Gungahlin, is also expected to drive growth and investment in the suburb. As the property market in Canberra continues to evolve, suburbs like Gungahlin are likely to remain at the forefront of investment and growth.