508/61 Camilleri Way, Gungahlin ACT 2912
508/61 Camilleri Way, Gungahlin ACT 2912
Compact two-bedroom unit in mixed-use precinct | 67.5 m² with parking | Strong investor and first-home appeal | Newer apartment stock in Gungahlin
This unit occupies a practical niche in Gungahlin’s apartment market. The two-bedroom, one-bathroom, one-car configuration with 67.5 m² of internal space is a format that consistently attracts both first-home buyers seeking an entry point and investors wanting low-maintenance rental stock. Being part of a mixed-use development with ground-floor retail adds everyday convenience, and the building’s contemporary design—elevated, light-filled, north-facing in many units—suggests a comfortable living environment. For a buyer prioritising walkability to Gungahlin Centre, transport links, and modern finishes over private outdoor space, this property serves well. Its compact footprint means it suits singles, couples, or small households rather than families, and the inclusion of parking strengthens its appeal in a precinct where that is not always guaranteed.
The value picture may be shaped by a few factors. Floor level and orientation for unit 508 are not confirmed, and these can influence light, noise, and outlook—potentially affecting how it compares to higher-floor or north-facing units in the same building. The compact size may limit price growth relative to larger two-bedroom apartments, though it also keeps the entry price accessible. Strata costs and building management quality are worth verifying, as mixed-use developments can carry higher levies. Rental demand appears steady, with similar units in the complex achieving around $550–$560 per week, which supports investor interest. The absence of a verified settled sale for this exact unit means pricing should be weighed against recent transactions in the building and broader Gungahlin apartment activity.
Detailed Independent Property Report prepared by PropCred Analyst team for 508/61 Camilleri Way, Gungahlin ACT 2912
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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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.
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PropCred Estimated Value
Comparable Sales: Unit 810/61 Camilleri Way sold around $519k; similar two-bed units in the building transacted near $460k–$500k | Property Price Band: $450k–$550k | Value Drivers: Floor level and outlook, building condition and amenities, parking inclusion, rental yield potential
Bedrooms
2
Bathroom
1
Parking
1
Land
1.73 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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