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ACT › Gungahlin › Gribble St

609/6-8 Gribble St, Gungahlin ACT 2912

For saleApartment

$500,000

For sale

Asking

2

Bedrooms

2

Bathrooms

2

Car spaces

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $500,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $500,000(Listing record · 15 Apr 2026)
  • CalculationAsk is 54% below the Gungahlin median recorded sale ($1,090,000, n=19, last 12 months).(Districts calculation from recorded sales)
  • CalculationIf it leased at Gungahlin's advertised median rent ($450/wk), implied gross yield would be 4.68% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.

Price evidence

The ask against the evidence

Asking

$500,000

Asking

No recorded sale for this property.

Gungahlin at a glance

10,030

People

$1,090,000

Median sale

$450/wk

Median rent

2.15%

Suburb gross yield

Median sale from 19 recorded sales (last 12 months) — a Districts calculation.

See the full Gungahlin report →

Vs Gungahlin

-54.1%

Median sale

Suburb $1,090,000

+2.53 pp

Gross yield

Suburb 2.15%

Suburb median $1,090,000 from 19 recorded sales (last 12 months) — a Districts calculation, not a portal figure.

Total cost to purchase

Purchase Price
$500,000
Stamp Duty (Australian Capital Territory)
$11,400
Transfer/Registration Fee
$496
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$515,596

$15,596 on top of the price (3.1% extra)

  • Stamp Duty (Australian Capital Territory)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Australian Capital Territory schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Pre-filled with Gungahlin's advertised median rent — not a rent for this listing.

Net yield
3.18%
Annual cashflow (pre-tax)
$-10,100
Interest cover (DSCR)
0.61
Annual rent
$23,400
Operating expenses
$7,500
Loan amount
$400,000
Annual interest
$26,000
Gross yield
4.68%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.

Site

Terrain

Terrain has not been calculated for this property yet.

Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.

Flood, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

2026$499k$500k
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$500,000available15 Apr 2026
  2. Listed$499,000available11 Feb 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

ACT

Why this lot, not just this suburb

Why could this property outperform?

Planning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.

What could kill that thesis?

Confidence: low

Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.

Rental

Income, competition, and yield

What will it realistically rent for?

Confidence: low

No advertised rent is recorded. Suburb median rent $450/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.

What competition will it face?

Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded for this property. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 4.7%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

Districts view

Not enough official evidence yet to underwrite this as an investment.

Detail

The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”

Read more

Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.

The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.

Evidence

What is known for this property

Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.

1 of 10 questions answered so far

  • Development optionality of this lot

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Nearby development applications are not loaded for this property.

  • Honest achievable rent

    Knownlow

    This is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. This jurisdiction has no comparable official bond series in the free set.

  • Rental supply pressure

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Gungahlin in one glance

Gungahlin at a glance

10,030

People

$1,090,000

Median sale

$450/wk

Median rent

2.15%

Suburb gross yield

Median sale from 19 recorded sales (last 12 months) — a Districts calculation.

See the full Gungahlin report →

Keep researching

  • Why Gungahlin? Read the area thesis →
  • What else is on the market in Gungahlin →
  • Other records on Gribble St →

Listing material

Listed by LJ Hooker Gungahlin

The Best Kept Apartment Complex in Gungahlin

Please note this property is scheduled for Auction on 11th March 2026 at 6 pm. Pre-Auction offers may be considered. If you do wish to submit a pre-auction offer to have all documents, contract and signed section 17 prepared to secure the property quickly if the sellers agrees

Everyone has different opinions on floor plans and how they like to live.

But after walking through a lot of apartments in this building, I can say this confidently: this layout is in my top two at Ruby.

Read the full description

It's one of those apartments where the design decisions actually make daily life easier, not harder.

The first thing you notice is the separation. The bedrooms sit apart, with no shared walls, which means real privacy. No hearing someone else's alarm, phone calls, or late-night scrolling. Just quiet when you want it.

Then there's the light. Two balconies bring it in from different angles, opening the apartment up and framing mountain views that come into their own at sunset. Privacy screens do their job too, letting the light in without inviting the neighbours into your living room.

Inside, the apartment feels calm and well resolved. Neutral without being bland, and anchored by timber-look flooring that looks good and makes life easier when it comes to cleaning. The hallway entry gives the apartment a proper sense of arrival. You're not stepping straight into the kitchen or lounge; it feels more like a home than an apartment.

The kitchen is where this layout really wins. Thick stone benchtops with a waterfall edge, an induction cooktop, an AEG dishwasher, and a double oven, which is one of those things you don't realise you'll love until you have it. Cookies in one, roast in the other. Or dinner and dessert without juggling trays. It's practical and genuinely enjoyable to use.

The main bedroom includes a discreet ensuite that doesn't steal space from the room. In fact, on my first walk-through, I remember double-checking because it's so well integrated you almost forget it's there. The main bathroom is generous, and the positioning of the hallway adds to that "this feels like a home" feeling.

This apartment sits high enough to feel removed, but still connected. The outlook stretches across Gungahlin towards the Brindabellas, with Telstra Tower quietly in the distance. Morning light, afternoon colour, and sunsets that do most of the work for you.

Ruby itself has a reputation for being well run, and it shows. The indoor pool on Level 8 is protected from the wind by glass and framed by mountain views, making it usable year-round. The gym on Level 16 is tucked away, private, and far more appealing than most apartment gyms, with hills as your only spectators. There are shared BBQ and pizza oven areas, rooftop spaces, and a small community that genuinely looks after the gardens and common areas.

Parking is straightforward. Two side-by-side car spaces with a storage cage on the same level and close to the lift. One of those details you don't think about until you really need it.

Location-wise, it's hard to fault. You're close enough to feel connected, but far enough to have your own space. The tram, buses and shops are an easy walk. Club Lime is across the road if you want a bigger gym. Bunnings, Spotlight, Kmart, Big W, Fantastic Furniture, they're all nearby, which makes setting up home far easier than it should be.

And the food options speak for themselves. Grease Monkey, Sunday Caf�, Dobinsons, El Jannah, Ramen, Jade Dumpling House, plus Aldi, Coles and Woolworths. You won't be short on choice.

For those who like to know who built what, Ruby was completed in 2020 by POD Projects, constructed by Core Development, the same team behind Jade next door, Mezzo across the road, Mulberry in Dickson, Boulevard in Denman Prospect and Salt in Kingston.

This is a genuinely strong two-bedroom apartment in a building that has proven itself. When you start listing the pros and cons, you may need more space for the pros.

The Practical Stuff

? Two-bedroom, two-bathroom apartment

? One of the best-performing layouts in the Ruby complex

? Separated bedrooms with no shared walls

? Two balconies with mountain views and sunset outlooks

? Privacy screens for both balconies

? Timber-look flooring throughout living areas

? Double oven, induction cooktop and AEG dishwasher

? Welcoming hallway entry

? Main bedroom with ensuite

? Two side-by-side car spaces with a storage cage nearby

? Building amenities include Level 8 pool, Level 16 gym, BBQ and pizza oven areas, rooftop spaces and landscaped gardens

? Built in 2020 by POD Projects and Core Development

Sizes

? Internal living: approx. 83 sqm

? Balconies: approx. 14 sqm

? Total: approx. 97 sqm

Outgoings

? Body corporate: approx. $4,642.60 per year

? ACT rates: approx. $1,727 per year

? Land tax: approx. $4,326 per year (investment properties only)

Listing description written by Brianna Williams, LJ Hooker Gungahlin — reproduced as published, not verified by Districts.

Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.