702/61 Camilleri Way, Gungahlin ACT 2912
702/61 Camilleri Way, Gungahlin ACT 2912
Modern high-rise apartment | Mixed-use urban convenience | Strong rental appeal | Bushfire overlay noted | School catchment access
This unit sits within a contemporary mixed-use development where retail anchors the ground floor and residential living sits above. The building carries a noticeably higher specification than much of Gungahlin’s older apartment stock, with double glazing, stone benchtops, and lift-access levels that point to a recent, amenity-rich build. For a buyer seeking low-maintenance urban living near schools, shops, and transport, this property offers a practical and polished option. The apartment format suits first-home buyers, downsizers, and investors alike, with the surrounding precinct supporting steady demand from those who value walkability and convenience over traditional suburban space.
The exact floor level and outlook for this unit remain unconfirmed, and that matters for value. A seventh-floor position likely offers better light and privacy than lower levels, but the aspect could face retail frontage, parking, or an internal courtyard, which would temper its appeal. The bushfire overlay on the land introduces a planning consideration that may affect future development or insurance costs. Buyers should weigh the building’s modern finishes and parking provision against the uncertainty of the unit’s specific position within the complex, as those details will ultimately shape its market performance.
|| Comparable Sales: 24/11 Camilleri Way sold $389,900; 810/61 Camilleri Way marketed at $550/week rent | Property Price Band: $400,000–$500,000 | Value Drivers: floor level, aspect, internal layout, building quality
Detailed Independent Property Report prepared by PropCred Analyst team for 702/61 Camilleri Way, Gungahlin ACT 2912
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Gungahlin presents a two-speed market. Houses show resilience, with medians between $965,000 and $1.0 million and annual growth of 2.3–4.4% across sources, while units range from $425,000 to $464,846, with one source showing 3.4% growth but two others posting declines of 2.1% and 4.0%. Houses sell faster, averaging 48 days on market versus 76 days for units, with 60 house sales and 155 unit sales in the past year. Demand for units is yield-driven: gross rental yields hit 6.17–6.5%, versus 4.25% for houses, and median unit rent sits at $530 weekly. That yield premium suggests investor appetite, while houses likely attract owner-occupiers despite lower returns. The divergence in unit price data and slower turnover signals softer conditions in that segment, a key risk. Overall, Gungahlin’s house market holds its ground, but unit pricing faces downward pressure.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 24/11 Camilleri Way sold $389,900; 810/61 Camilleri Way marketed at $550/week rent | Property Price Band: $400,000–$500,000 | Value Drivers: floor level, aspect, internal layout, building quality
Bedrooms
2
Bathroom
2
Parking
1
Land
1.73 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!