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Buying in Gungahlin District

By Amie - 16 November 2014 19

Hi,

We are looking to buy a property in the Gungahlin region to live in for 2 years then it will become an investment property.  We have found a place we like in each Gungahlin, Palmerston and Amaroo, I was wondering if anyone had some advice on these areas from an investors perspective?

Thank you

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19 Responses to
Buying in Gungahlin District
wildturkeycanoe 7:49 pm 17 Nov 14

Maya123 said :

rosscoact said :

NBN is cheaper than phone + broadband

What do you call cheap? I have heard about $50 a month quoted for NBN, which is about $10 more than I pay for phone and broadband. ($120 a more a year) If NBN came to where I live I would consider it, although I don’t really need it.
So, what does NBN cost to have?

If NBN comes to your street, you won’t have a choice, you either have NBN or you have nothing, because the existing copper infrastructure is removed or made redundant. See http://www.nbnco.com.au/utility/faqs.html#.VGm2fGcxiDk for more info.

Maya123 5:24 pm 17 Nov 14

rosscoact said :

NBN is cheaper than phone + broadband

What do you call cheap? I have heard about $50 a month quoted for NBN, which is about $10 more than I pay for phone and broadband. ($120 a more a year) If NBN came to where I live I would consider it, although I don’t really need it.
So, what does NBN cost to have?

rosscoact 4:45 pm 17 Nov 14

NBN is cheaper than phone + broadband

Maya123 1:56 pm 17 Nov 14

JC said :

Maya123 said :

puggy said :

Maya123 said :

Buy somewhere that people want to rent. How many people want to rent in Gungahlin? Not as many as in some other places I’m sure.

Three letters…… N…….B…….N. People may scoff, but it’s true. My renting neighbour is an example and the clearance time on houses for sale on our strip has been about two weeks….mostly to young couples. Don’t underestimate how much people want FTTH.

Where to buy and rent are not necessarily the same place. People might rent in the inner suburbs, but when it comes to buying the first home, they buy in the outer suburbs such as Gungahlin. Yes, the houses in your street might sell quickly. But would they rent as easily? I had a friend who built a lovely new house in an outer suburb for an investment, thinking families would love it, but she had a hard time renting it. Apparently people were not so willing to move to outer suburbs to rent. This is only one example though, and I don’t know how realistic the rent she wanted for it was. It would be interesting to hear from a real estate person how easy or difficult houses in outer suburbs are to rent compared to inner suburb houses.

A quick look at all homes debunks your theory. Whilst there are more rentals in inner suburbs, there is no shortage of rentals in the burbs too.

I wasn’t commenting on how many rentals in the outer suburbs, but how easily (ie quickly) they rent compared to similar houses in inner suburbs, and how the rental income compares to outlay. I don’t know, that’s why I said it would be nice to hear from someone with experience, such as a real estate person (as long as they are giving a truthful answer, not just trying to talk up houses in a certain area). No-one else here has shown they are knowledgeable either. It’s all speculation without actual figures.
The NBN would be nice, but how much does it cost per month, and how many people are actually prepared to pay that cost, if cheaper is available which will suffice? Because someone here reading this is prepared to pay more, doesn’t mean everyone, or even a large proportion of people are. I get all the speed and download I need without NBN. My comment though does not mean I am against NBN, before I am attacked for saying that.

dungfungus 1:51 pm 17 Nov 14

OzChick said :

Amaroo. It is close to Yerrabi Pond which is great of people that like jogging or walking around the pond. Also, there will be a Coles opening at the back of Amaroo really soon, close to the schools.

Yerrabi Pond, where fish die in mysterious ways.

puggy 1:44 pm 17 Nov 14

Maya123 said :

Where to buy and rent are not necessarily the same place. People might rent in the inner suburbs, but when it comes to buying the first home, they buy in the outer suburbs such as Gungahlin.

People will rent or buy wherever they get the lifestyle/services they require. For whatever reason, high speed internet is high up on the list for some people. Anyway, I would hardly all parts of Gungahlin “the outer suburbs”.

OzChick 12:40 pm 17 Nov 14

Amaroo. It is close to Yerrabi Pond which is great of people that like jogging or walking around the pond. Also, there will be a Coles opening at the back of Amaroo really soon, close to the schools.

watto23 12:11 pm 17 Nov 14

puggy said :

Maya123 said :

Buy somewhere that people want to rent. How many people want to rent in Gungahlin? Not as many as in some other places I’m sure.

Three letters…… N…….B…….N. People may scoff, but it’s true. My renting neighbour is an example and the clearance time on houses for sale on our strip has been about two weeks….mostly to young couples. Don’t underestimate how much people want FTTH.

I reckon the FTTP NBN is worth at least $5k on top of a house price. I’m waiting to find out how much I’ll have to pay for FTTP if I’m even allowed to pay for it over FTTN. That will then set a price and you can be guaranteed people will ask for a discount of ~$5k if you don’t have FTTP NBN. Especially when the infrastructure in the rest of Canberra starts to look substandard like Gungahlin did before NBN.

JC 11:28 am 17 Nov 14

Maya123 said :

puggy said :

Maya123 said :

Buy somewhere that people want to rent. How many people want to rent in Gungahlin? Not as many as in some other places I’m sure.

Three letters…… N…….B…….N. People may scoff, but it’s true. My renting neighbour is an example and the clearance time on houses for sale on our strip has been about two weeks….mostly to young couples. Don’t underestimate how much people want FTTH.

Where to buy and rent are not necessarily the same place. People might rent in the inner suburbs, but when it comes to buying the first home, they buy in the outer suburbs such as Gungahlin. Yes, the houses in your street might sell quickly. But would they rent as easily? I had a friend who built a lovely new house in an outer suburb for an investment, thinking families would love it, but she had a hard time renting it. Apparently people were not so willing to move to outer suburbs to rent. This is only one example though, and I don’t know how realistic the rent she wanted for it was. It would be interesting to hear from a real estate person how easy or difficult houses in outer suburbs are to rent compared to inner suburb houses.

A quick look at all homes debunks your theory. Whilst there are more rentals in inner suburbs, there is no shortage of rentals in the burbs too.

Maya123 10:58 pm 16 Nov 14

puggy said :

Maya123 said :

Buy somewhere that people want to rent. How many people want to rent in Gungahlin? Not as many as in some other places I’m sure.

Three letters…… N…….B…….N. People may scoff, but it’s true. My renting neighbour is an example and the clearance time on houses for sale on our strip has been about two weeks….mostly to young couples. Don’t underestimate how much people want FTTH.

Where to buy and rent are not necessarily the same place. People might rent in the inner suburbs, but when it comes to buying the first home, they buy in the outer suburbs such as Gungahlin. Yes, the houses in your street might sell quickly. But would they rent as easily? I had a friend who built a lovely new house in an outer suburb for an investment, thinking families would love it, but she had a hard time renting it. Apparently people were not so willing to move to outer suburbs to rent. This is only one example though, and I don’t know how realistic the rent she wanted for it was. It would be interesting to hear from a real estate person how easy or difficult houses in outer suburbs are to rent compared to inner suburb houses.

puggy 9:13 pm 16 Nov 14

Maya123 said :

Buy somewhere that people want to rent. How many people want to rent in Gungahlin? Not as many as in some other places I’m sure.

Three letters…… N…….B…….N. People may scoff, but it’s true. My renting neighbour is an example and the clearance time on houses for sale on our strip has been about two weeks….mostly to young couples. Don’t underestimate how much people want FTTH.

JC 9:09 pm 16 Nov 14

Maya123 said :

Buy somewhere that people want to rent. How many people want to rent in Gungahlin? Not as many as in some other places I’m sure.

Don’t be so sure. Plenty of rental opportunity in Gungahlin. Price is the key anywhere in this town.

Maya123 8:35 pm 16 Nov 14

Buy somewhere that people want to rent. How many people want to rent in Gungahlin? Not as many as in some other places I’m sure.

Masquara 6:09 pm 16 Nov 14

Why have you chosen Gungahlin?

Felix the Cat 4:48 pm 16 Nov 14

Amaroo is newer than Palmerston so that will make your depreciation tax deductions better. Palmerston is a bit closer to CIvic and the rest of Canberra though this may not be relevant when Majura Parkway opens soon.

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