Ngunnawal (2913) is a suburb in Australian Capital Territory that continues to attract attention from both homeowners and investors. Located approximately 12km from the Canberra CBD, the suburb is serviced by 1 schools and benefits from solid transport and amenity access.
Ngunnawal has a population of approximately 10,957, a median age of 32, a median weekly household income of $2,475. With 70% owner-occupier rate, this is predominantly a homeowner market, which supports long-term price stability.
The current median house price in Ngunnawal is $805,000. Average annual growth sits at 6.6% over five years, reflecting steady capital appreciation. Prices have moved 3.87% over the past 12 months.
Properties in Ngunnawal spend an average of 35 days on market. Online buyer demand is currently rated as high online demand. Stock on market sits at 0.41%. With inventory levels at just 1.41 months, supply is tight relative to demand. The average vendor discount is -3.5%, meaning sellers are typically negotiating below asking price.
The median weekly rent for houses in Ngunnawal is $650. Gross rental yield is 4.2%, providing a solid income return. Vacancy rate is 1.26%, reflecting healthy rental demand. Rents have grown 6.56% over the past 12 months.
The broader local government area is forecast to grow from 86,921 to 86,642 residents by 2031 (-0.3% growth).
Explore other suburb profiles in the area: Casey, ACT, Franklin, ACT, Nicholls, ACT, Palmerston, ACT, Amaroo, ACT.
Handle Properties is a Sydney-based buyer's agency helping investors build portfolios of high-growth investment properties across Australia. If you are considering Ngunnawal or need help identifying the right suburb for your strategy, get in touch with our team.
The quantitative data below has been compiled on 30th May 2023 from a range of third party sources using a variety of manual methods. Handle does not guarantee the accuracy of this data shown below.