District of Gunghalin, Canberra, ACT
Population growth, low unemployment and completion of the 12km light rail link from the CBD to Gungahlin are positioning the northern suburbs of Canberra for future growth.
The population in the District of Gungahlin was 31,000 in 2006. By 2016, it had grown to 71,000 and it is predicted to reach 106,000 by 2028.
The population growth is to be supported by the release of five new suburbs which would be accompanied by upgrades to several key roads, thus providing faster access to the city and work nodes.
The Gungahlin house market continues to register good capital growth in both houses and units as infrastructure and other construction projects roll out.
Low vacancies and good rental yields add to the area’s appeal for investors, at a time when the Canberra market overall is showing signs of strong growth.
This report covers the suburbs of Amaroo, Bonner, Casey, Crace, Forde, Franklin, Gungahlin, Harrison, Ngunnawal, Nicholls and Palmerston.