Gungahlin was incorporated as Canberra's fourth town centre just 25 years ago, but today this booming district is one of its largest and fastest developing.
Gungahlin's success isn't only impressive by local standards, as significant public and private sector spending on infrastructure and amenities also make it the third fastest growing region in Australia as a whole. Growing buyer demand
Gungahlin is currently home to just over 16 percent of Canberra's population, or around 68,000 residents, and this figure is predicted to grow considerably in the coming years – having doubled in the last decade alone.
The latest Allhomes data reveals that 285 properties were sold in the district in the three months to the end of January 2016. Auctions accounted for 38 of these sales – more than twice as many as the same period a year earlier – and properties also spent an average of three fewer days on the market before being sold. Meanwhile, other formerly popular districts such as Tuggeranong are experiencing a notable decline. So what makes Gungahlin such a desirable place to live? Gungahlin for families
A major factor in the district's growth is the number of families moving to the region, with Gungahlin attracting more net gains than any other part of the ACT in children aged under 14 years (398), young people aged 15 to 24 (14,781) and adults aged 25 to 44 (1,895) according to the Australian Bureau of Statistics.
For families, Gungahlin offers an attractive variety of state-of-the-art properties to suit every price range, as well as a growing range of family-friendly facilities and amenities, including schools and colleges, a leisure centre, parks, sports grounds and retail and entertainment centres.
Convenient access to these facilities has also been cited as a major draw, with the town centre and parks being walking distance from many neighbourhoods without needing to get in the car. More projects are currently in development that will increase Gungahlin's appeal even further, including a planned light rail service for more convenient commuting. Gungahlin for business
It's not just families that are being drawn to Gungahlin, but also entrepreneurs who are eager to make the most of the district's economic potential.
Gungahlin is home to all five of Canberra's top suburbs for median income – Crace, Forde, Harrison, Amaroo and Nicholls – which account for total combined retail expenditure of $2,656,730,000, a figure predicted to reach $3.39 billion by 2026.
With convenient access to Canberra's northern suburbs, a wide catchment area extending 50 kilometres north to Yass, and more ambitious projects in the pipeline set to drive further growth, Gungahlin's town centre offers some of the most exciting commercial prospects in Australia. Lease a store in Gungahlin
Marketplace Gungahlin is Gungahlin's new retail and dining hub, located right in the heart of the town centre and just 10 kilometres from Canberra. Get in touch
to find out the benefits of joining Marketplace Gungahlin's vibrant business portfolio, or for casual mall leasing to promote your products and services to Gungahlin's growing customer base.