506/8 Gribble Street, Gungahlin, ACT 2912 | Apartment for sale | OnTheHouse
 
FOR SALE
$419,000+

506/8 Gribble Street
Gungahlin ACT 2912

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Strong Returns. Proven Growth. Smart Investment.

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, caf�s, 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
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Property Details for 506/8 Gribble St, Gungahlin

506/8 Gribble St, Gungahlin is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with LJ Hooker Canberra City.

Building Type
Apartment
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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 4,996 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 58 properties listed for sale, and 24 properties listed for rent in Gungahlin on OnTheHouse. According to Cotality's data, 286 properties were sold in the past 12 months in Gungahlin.

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Gabby Woods
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LJ Hooker Canberra City
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