508/61 Camilleri Way, Gungahlin ACT 2912
508/61 Camilleri Way, Gungahlin ACT 2912
2-bed unit | 67.5 m² | 1 car space | central Gungahlin mixed-use building | bushfire planning control noted
This unit suits first-home buyers and investors seeking a compact, low-maintenance foothold in Gungahlin’s urban core. Its 67.5 m² layout is efficient rather than spacious, and the inclusion of one parking spot adds practical value in a central location where convenience drives demand. The mixed-use setting—retail and services at ground level—reinforces walkability, and proximity to bus stops and school catchments strengthens its appeal for tenants and owner-occupiers alike. The building’s newer construction, with double-glazed windows and secure bike storage typical of the development, supports a modern living standard that aligns well with current buyer expectations. This unit is best positioned for those prioritising location and rental potential over internal size or premium finishes.
Value may be shaped by the unit’s specific floor level and aspect, which are not confirmed, as these influence light, noise, and outlook. The bushfire management control on the parcel could affect insurance costs or lending criteria, though it does not necessarily diminish livability. The mixed-use character brings commercial activity that may generate street-level noise, yet it also sustains amenity and tenant interest. Buyers should weigh the compact floor plan against the convenience and rental yield potential, and consider how the unit’s presentation compares to others in the building, as finishes can vary by floor and ownership.
|| Comparable Sales: 810/61 Camilleri Way listed around $519K; 514/61 Camilleri Way as-new with views | Property Price Band: $450K–$550K | Value Drivers: floor level, aspect, internal condition, parking inclusion
Detailed Independent Property Report prepared by PropCred Analyst team for 508/61 Camilleri Way, Gungahlin ACT 2912
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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: 810/61 Camilleri Way listed around $519K; 514/61 Camilleri Way as-new with views | Property Price Band: $450K–$550K | Value Drivers: floor level, aspect, internal condition, parking inclusion
Bedrooms
2
Bathroom
1
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!