3 Murrung Cres, Ngunnawal ACT 2913

3 Murrung Cres, Ngunnawal ACT 2913
Single-level living | quiet pocket | 3-star energy | school catchments The propertyโ€™s strongest buying case is its compact single-level layout in a well-established pocket, which suits downsizers or first-home buyers seeking low-maintenance living without sacrificing a quiet position. The Ngunnawal Primary and Gungahlin College catchments add practical family appeal, and the 74% auction clearance rate in the suburb signals consistent demand for this configuration. For a buyer, the 371 mยฒ block is modest but workable, and the 132 mยฒ footprint keeps running costs contained-an edge in a market where median prices sit at $750,000. The main risk is the 3-star energy rating, which will cost more in heating and cooling and narrow appeal for efficiency-focused buyers. The propertyโ€™s last sale in 2017 at $468,000 shows capital growth has tracked the area, but the current pricing leaves little immediate upside without renovations. Opportunity lies in cosmetic upgrades to lift the EER and resale value. Hold this property for steady, low-risk capital growth rather than short-term flipping.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

This suburb presents a stable, family-oriented market with a clear price premium for houses over units. Demand is driven by professionals and young families, reflected in the demographic composition and consistent purchaser activity. Recent price trends indicate moderate, steady growth, with houses transacting efficiently, suggesting sustained buyer interest. Future performance will hinge on the suburb’s appeal to this established demographic segment, though its reliance on this core buyer profile presents a concentration risk should their economic circumstances shift.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

371mยฒ

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