506/8 Gribble Street, Gungahlin, ACT 2912 | Property Value & History | OnTheHouse
FOR SALE

506/8 Gribble Street
Gungahlin ACT 2912

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 2163m2
Save

Property Details for 506/8 Gribble St, Gungahlin

506/8 Gribble St, Gungahlin is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2019. The property has a land size of 2163m2.This Property is currently listed for sale with LJ Hooker Canberra City

Building Type
Unit
Year Built
2019
Land Size
2163m2
Local Government
Gungahlin
Lot/Plan
GUNGAHLIN: Block 5, Section 209, Unit 129

Last Listing description (September 2026)

Offering an impressive gross rental yield of approximately 6.95%, this two-bedroom apartment in the popular Ruby complex presents an exciting opportunity for investors seeking strong returns, an established tenancy and a highly convenient Gungahlin location.

The investment story extends beyond rental return, with the property experiencing approximately 27% growth in value over the past nine years. Combining demonstrated capital growth with a strong current yield, this is an opportunity that makes sense both now and for the future.

Positioned within the sought-after 'Ruby' complex, the apartment combines modern interiors, excellent natural light and an impressive selection of resident facilities.

The open plan living and dining area is framed by large windows, capturing an elevated outlook and an abundance of natural light. Timber-look flooring adds warmth to the space, while sliding glass doors connect the interior with a private covered balcony , the perfect place to enjoy a morning coffee or unwind at the end of the day.

At the heart of the apartment is a modern kitchen featuring stone benchtops, generous cabinetry, induction cooking, dishwasher and excellent preparation space.

Both bedrooms feature built-in wardrobes, with the main bedroom enjoying direct balcony access. The contemporary bathroom offers floor-to-ceiling tiling and excellent storage, while reverse-cycle heating and cooling provides year-round comfort.

Residents of Ruby also enjoy access to an impressive range of facilities, including a 20-metre rooftop swimming pool, residents' gym and communal alfresco entertaining and barbecue areas.

With Gungahlin Town Centre, supermarkets, cafs, restaurants and light rail all within easy reach, the location offers the convenience tenants are looking for and further strengthens the property's appeal.

Features:

* Two bedrooms with built-in wardrobes
* One modern bathroom
* One secure car space
* Light-filled open-plan living and dining
* Private covered balcony with elevated outlook
* Modern kitchen with stone benchtops
* Induction cooking and dishwasher
* Reverse-cycle heating and cooling
* Timber-look flooring
* European-style laundry
* Secure complex
* 20-metre rooftop swimming pool
* Residents' gymnasium
* Communal alfresco and barbecue facilities
* Convenient Gungahlin location

Figures:
Current rent: $560 per week
Annual gross rental income: $29,120
Approx. gross rental yield: 6.95%
Approx. value growth over nine years: 27%

Internal Living: 58m2 ( approx.)
Balcony Size: 9m2 ( approx.)
Rates: $1,462.70 p.a ( approx.)
Body Corporate: $992 p.q ( approx.)
Land Tax: $1,874 p.a ( approx.)
EER: 6.0

Disclaimer:
Disclaimer: All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries.

Photography Disclaimer: Some images may have been virtually staged to better showcase the true potential of the rooms and spaces in the home. Alternatively, while the property may have been staged for photography, it might be vacant during your inspection.

Property History for 506/8 Gribble St, Gungahlin, ACT 2912

A timeline of how this property has performed in the market
Last Sold
$330,000
11 Dec 2017
Listed for Rent
$560/w
18 Dec 2025
  • 09 Sep 2026
    Listed for Sale $419,000+
  • 25 Nov 2025
    Listed for Rent $560 / week
  • 30 Aug 2024
    Listed for Rent $530 / week
Sign in to see more transactions
Commute Calculator

About Gungahlin 2912

The size of Gungahlin is approximately 4.6 square kilometres. There are 17 parks, covering nearly 38.1% of the total area. The population of Gungahlin in 2016 was 6134 people. By 2021 the population was 8586 showing a population growth of 40.0% in the area during that time. The predominant age group in Gungahlin is 20-29 years. Households in Gungahlin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Gungahlin work in a professional occupation.In 2021, 45.40% of the homes in Gungahlin were owner-occupied compared with 43.70% in 2016.

Gungahlin has 5,049 properties. Over the last 5 years, Houses in Gungahlin have seen a 11.46% increase in median value, while Units have seen a 4.36% increase. As at 31 August 2026:

  • The median value for Houses in Gungahlin is $1,041,497 while the median value for Units is $442,438.
  • Houses have a median rent of $750 while Units have a median rent of $550.
There are currently 62 properties listed for sale, and 23 properties listed for rent in Gungahlin on OnTheHouse. According to Cotality's data, 295 properties were sold in the past 12 months in Gungahlin.

Suburb Insights for Gungahlin 2912

Market Insights
Gungahlin Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Gungahlin Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.