610/2 Gribble Street, Gungahlin ACT 2912

610/2 Gribble Street, Gungahlin ACT 2912
2 bed / 1 bath / 1 car | Level 6, 2021 build | Double glazing, gym, pool | 49–50 m² internal | Central Gungahlin This apartment holds a genuine edge for its price tier: a 2021 build on level 6 with double glazing, reverse-cycle air conditioning, and a secure basement space plus storage cage. The Jade Complex’s shared amenity—gym, pool, BBQ and pizza oven areas—lifts it above older Gungahlin stock, and the compact footprint is typical of town-centre living rather than a flaw. It serves first-home buyers seeking low-maintenance entry, investors chasing strong rental demand around $510–$570 per week, and downsizers wanting lift access and walkable proximity to the town centre and schools. The modest internal area may limit appeal for families or those wanting generous living space, and body-corporate fees are an ongoing cost to weigh. The level 6 outlook and newer construction might support stronger resale than older units, but the 1-bath configuration and apartment density could narrow the buyer pool. Rental yields in the complex have ranged roughly 5.45% to 6.81%, suggesting solid income potential, though price growth may track the broader town-centre apartment market rather than outperform it. || Comparable Sales: 201/2 Gribble St sold $410,000 (2/1/1); 604/2 Gribble St listed $439,999+ (2/1/1) | Property Price Band: $400,000–$500,000 | Value Drivers: newer build quality, level 6 position, secure parking and storage
Detailed Independent Property Report prepared  by PropCred Analyst team for 610/2 Gribble Street, Gungahlin ACT 2912
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk
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: 201/2 Gribble St sold $410,000 (2/1/1); 604/2 Gribble St listed $439,999+ (2/1/1) | Property Price Band: $400,000–$500,000 | Value Drivers: newer build quality, level 6 position, secure parking and storage

Bedrooms

2

Bathroom

1

Parking

1

Land

2193m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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