501/90 Swain Street, Gungahlin ACT 2912
501/90 Swain Street, Gungahlin ACT 2912
2 bed 1 bath | investor-oriented town-centre unit | strong rental demand | modern amenity block | compact floorplan
This unit is competitively positioned within Gungahlin’s high-density apartment market, where two-bedroom configurations are the dominant stock type. Its single-bathroom layout keeps the entry price accessible, making it a practical fit for first-home buyers or investors seeking reliable rental income rather than premium living space. The building’s amenity set—gym, pool, BBQ areas, and secure basement parking—elevates it above basic apartment stock, while the town-centre location near light rail, retail, and parkland ensures consistent appeal for tenants and owner-occupiers prioritising convenience. The compact internal area is typical of this complex, so the unit’s value rests on its efficient use of space and the quality of its finishes, which are modern and well-maintained.
Value may be influenced by the absence of a car space, which could narrow appeal among owner-occupiers who drive, though renters in this location often rely on public transport. Floor level and outlook remain unverified; higher units in the building command better views and potentially stronger resale, while lower floors might trade at a discount. The single bathroom, compared to two-bathroom variants in the same complex, may cap price growth, but it also keeps purchase and rental entry points competitive. Building management quality and strata fees could affect long-term holding costs, so a review of the strata report is advisable before committing.
|| Comparable Sales: 716/90 Swain Street sold $410,000; 701/90 Swain Street sold $390,000 | Property Price Band: $390,000–$410,000 | Value Drivers: building amenities, town-centre location, rental yield potential
Detailed Independent Property Report prepared by PropCred Analyst team for 501/90 Swain Street, Gungahlin ACT 2912
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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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: 716/90 Swain Street sold $410,000; 701/90 Swain Street sold $390,000 | Property Price Band: $390,000–$410,000 | Value Drivers: building amenities, town-centre location, rental yield potential
Bedrooms
2
Bathroom
1
Parking
-
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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