Why home buyers are flocking to the Gungahlin region

Home buyers continue to flock to the Gungahlin region as it represents some of the best value for money in an overheated Canberra market.

Its March year-on-year growth of 7.4 per cent – enviable in any ordinary year – places it sixth out of the territory’s eight regions with a median house price of $752,000 according to the latest Domain House Price Report.

That’s a buy signal, according to Luke McAuliffe of Luton Gungahlin, who says families are drawn to the Gungahlin region because of the diversity of available homes.

“Block sizes vary from low maintenance to sprawling bigger blocks, and detached homes range from the modest to the visionary,” he says.

“The Throsby property [featured in the picture above] is a case in point. It would suit the most fastidious buyer as it contains everything you could ever want in a home – and it is built and finished to the highest standard.”

Despite the region’s attractive price tags, there are suburban pockets to be found that offer buyers a taste of luxury that rivals the high-end homes in the south.

McAuliffe also holds the Gungahlin region’s sale record of $2.475 million, set in November last year at auction.

He says the region’s other advantage is that it has matured into a state of “self-sufficiency”.

“Most of the suburbs have their own shopping centres; there are plenty of recreational and other amenities – it’s a very family-friendly area,” he says.

“And it’s well connected with access roads and the light rail.”

• Value. The Gungahlin region has cemented its position as one of the territory’s most affordable regions with a median price of $752,000. Head north to make that home purchase budget go further.
• Variety. With a history of development stretching back about 30 years, there are plenty of options in land sizes, dwelling types and price points to suit everyone from first-home buyers to downsizers.
• Maturity. The region has certainly grown up, which can be seen in its infrastructure, facilities and amenity. Shopping centres abound as do schools, recreational facilities and transport including light rail.

Check out our top pick of homes for sale in Gungahlin:

Throsby

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Location is everything, and this Throsby residence scores highly with a sought-after outlook over Mulligans Flat Nature Reserve.

It’s an idyllic setting for this five-bedroom, architect-designed home that has been built to the highest standards. That’s pretty much guaranteed as it’s the builder’s own home.

This contemporary residence unfolds over three levels and 474 square metres and is packed with high-end inclusions and the latest home technology.

Here’s what you get in terms of spaces: a north-facing casual living area, a sitting room and rumpus, cinema room with a whisky bar, those five bedrooms and three bathrooms.

Of course, the kitchen is a masterpiece. It drops names like a Hollywood celebrity, including twin Smeg pyrolytic ovens, a fully integrated Smeg dishwasher, Gorenja integrated double fridge/freezer, Smeg coffee machine, a butler’s pantry, a Fisher and Paykel DishDrawer and a Zip tap.

Parents will enjoy the location of the main bedroom on this level with high ceilings, a large walk-in wardrobe and a luxury en suite. The upper level houses the other bedrooms along with a rumpus space.

The covered al fresco area boasts an outdoor kitchen and overlooks a plunge pool, served by a pool shower and bathroom.

The story doesn’t end there. A stairway leads down to a whisky bar with a kitchenette, wine fridge, cellar, and home cinema.

There’s internal access to an oversized double garage, also with a kitchenette and extensive storage.

Auction: 3pm, June 26

Agent: Luton Gungahlin, Luke McAuliffe 0433 338 429

Or try these:

Taylor

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Price guide: $840,000 +

Auction: Noon, June 5

Agent: McGrath North Canberra, Sam McGregor 0401 097 907

Crace

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Price guide: $1.675 million

Private sale

Agent: Stone Gungahlin, Jess Smith 0410 125 475

Gungahlin

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Price guide: $1.025 million-$1.1 million

Private sale

Agent: LJ Hooker Project Marketing, Andrew Ligdopoulos 0408 488 148