60 Nellie Hamilton Avenue, Gungahlin ACT 2912
60 Nellie Hamilton Avenue, Gungahlin ACT 2912
4-bed family house | mid-2000s build | town-centre fringe | established street near pond | family demand steady
The property’s strongest edge is its position in a pocket that blends detached-house privacy with town-centre convenience. The street’s comparable stock consistently shows four-bedroom, two-bathroom layouts with double garages, putting this house squarely in the mainstream family bracket that Gungahlin buyers actively seek. Its likely 2003–2004 construction means solid brick-veneer build quality, ducted gas heating, and established gardens—features that appeal to owner-occupiers wanting move-in condition without premium new-suburb pricing. The location serves families best: walking distance to Yerrabi Pond, short drive to light rail and retail, and within the Harrison School catchment. This is not a high-density unit market; it is a low-rise, family-oriented suburb where demand skews toward practical, low-maintenance houses.
Value may be shaped by land size and presentation. Mid-300 to mid-400 square metre blocks are typical here, so a smaller parcel could cap upside relative to larger-lot competitors. The house’s condition and any renovation level will matter most—original 2000s kitchens or bathrooms might feel dated to some buyers, while updated finishes could justify a premium. Aspect and street position are unconfirmed, but a north-facing rear or quiet internal placement would add tangible appeal. Rental demand appears healthy, with potential weekly rents around $735, supporting investor interest, though the primary buyer profile remains families seeking permanence.
|| Comparable Sales: 47 Nellie Hamilton Ave sold ~$1.0M | 18 Nellie Hamilton Ave 455m² house recent listing | Property Price Band: $950K–$1.05M | Value Drivers: land size, renovation level, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 60 Nellie Hamilton Avenue, Gungahlin ACT 2912
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
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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: 47 Nellie Hamilton Ave sold ~$1.0M | 18 Nellie Hamilton Ave 455m² house recent listing | Property Price Band: $950K–$1.05M | Value Drivers: land size, renovation level, street position
Bedrooms
4
Bathroom
2
Parking
2
Land
269m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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