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.
ACT › Gungahlin › Ernest Cavanagh St
$399,000
For sale
Asking
1
Bedrooms
1
Bathrooms
1
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
Asking
$399,000
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.
Vs Gungahlin
-63.4%
Median sale
Suburb $1,090,000
+3.71 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.
$12,162 on top of the price (3.0% extra)
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.
Pre-filled with Gungahlin's advertised median rent — not a rent for this listing.
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.
Planning
Planning data is being calculated
Data unavailable
Source
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 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 exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
ACTPlanning 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.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded for this property.
Rental
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.
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.
Gross yield if leased at the suburb aggregate is 5.9%. 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
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.”
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
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
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded for this property.
Honest achievable rent
KnownlowThis 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
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
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.
Listing material
Listed by Agent Team CanberraPerfectly positioned in the heart of Gungahlin, 6/54 Ernest Cavanagh Street offers unbeatable convenience and low maintenance living in one of Canberra’s fastest growing town centres. Located on the doorstep of Gungahlin Marketplace and just moments from the light rail, cafes, shops and everyday essentials, this is an ideal opportunity for first home buyers, investors, students or downsizers seeking lifestyle and accessibility.
Inside, the apartment features a well-designed open plan kitchen, dining and living area that flows seamlessly to a private balcony, also accessible from the bedroom. The kitchen is equipped with a gas cooktop, Fisher & Paykel dishwasher, ample storage and quality finishes, making it both functional and practical. A versatile additional space provides flexibility as a study, second living area or potential second bedroom, adding real value for a range of living arrangements.
The home is finished with modern touches throughout, including hybrid flooring, LED downlights, a Daikin split system for year-round comfort and a full length mirrored built in wardrobe to the master. The bathroom is well-appointed with floor to ceiling tiling, generous storage and a separate toilet, while a European laundry and linen cupboard enhance everyday functionality.
Set within a secure complex offering lift access, intercom entry, secure parking and landscaped common areas, the property delivers both comfort and peace of mind. With transport at your doorstep, including bus and light rail, and easy access to major roads, commuting is effortless. Whether you’re looking to live in or invest, this is a smart, centrally located property that ticks all the boxes for modern, connected living.
Property Features:
• Open plan kitchen, dining and living area
• Kitchen equipped with gas cooktop, oven, Fisher & Paykel dishwasher and ample storage
• Separate family room, study or flexible space with potential for additional bedroom
• LED downlights throughout
• Hybrid flooring throughout
• Daikin reverse cycle split system air conditioning
• NBN connection
• Full length mirrored built in wardrobe to master bedroom
• Bathroom with spacious shower, floor to ceiling tiling, vanity + storage
• Separate toilet
• European laundry with dryer
• Electric hot water system
• Linen cupboard
• Balcony access from bedroom and living area
• Level 1 common outdoor area with grass, landscaped gardens and seating
• Low maintenance apartment living
• Secure car parking + storage cage
• Intercom access
• Lift access + Wheelchair accessibility
• Two convenient access points (bus stop and old Aldi car park)
• Located on the doorstep of Gungahlin Marketplace
• Short walk to shops, cafes and local amenities
• Close to bus interchange, light rail and easy access to arterial roads
• Gungahlin offers a wide range of amenities including playgrounds, Kmart, Bunnings, medical services, schools, childcare, supermarkets and dining options
Nearby Amenities:
Bus stop: 1m (0 min walk) - at your doorstep!
Gungahlin Place Light Rail Station – 190m (2 min walk)
Gungahlin Library – 450m (6 min walk)
Gungahlin Walk-in Centre - 80m (1 min walk)
Yerrabi Pond District Park – 1.2km (4 min drive)
Good Shepard Primary – 3.4km (5 min drive)
Burgman Anglican School – 1.6m (5 min drive)
PEA: Throsby Primary School - 3.6km (5 min drive)
PEA: Harrison Primary School – 3.1km (6 min drive)
PEA: Shirley Smith High School – 5.5km (9 min drive)
PEA: Gungahlin College – 700m (9 min walk)
PEA: Dickson College – 9.2km (15 min drive)
Gungahlin Square Shopping Centre – 120m (2 min walk)
Calvary Public Hospital – 12.7km (15 min drive)
Canberra City – 19.6km (22 min drive)
Property Specification:
Built: 2006
Internal Living: 62m2
Balcony: 16m2
Total Size: 78m2
Car Space: 13m2
Storage Cage: 1.5m2
EER: 6 Stars
Rates: $457.00pq
Body Corporate (sinking + admin fund): $1,343.10pq
Sinking Fund: $442,694.85 (as of 24.3.26)
Admin Fund: $47,684.60 (as of 24.3.26)
Strata Manager: Bridge Strata Office: (02 6109 7700) / Steve (02 6109 7709)
Units in Complex: 141
Level: 1
Estimated Weekly Rent: $450-500pw
* To receive the Contract for Sale, Building Report and other relevant property documents, please complete the online request form. Documents are delivered to your email within 10 minutes, 24 hours a day, 7 days a week. Please check both your inbox and junk folder.
Under the ACT/NSW property sales process, an accepted offer does not constitute a binding agreement. The property may continue to be marketed, inspected and offered for sale until contracts have been formally exchanged.
Whilst every effort has been made to ensure the accuracy of the information provided, all figures, measurements, descriptions, plans, images and other details are approximate only and should not be relied upon as a representation of fact. Interested parties should make their own enquiries and obtain independent legal, financial and professional advice before making any decisions.
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Listing description written by Steve Lowe, Agent Team Canberra — reproduced as published, not verified by Districts.