54 Yass Street, Gunning, NSW 2581
Auction Sun 29th Nov at 11:30am
26 20
Auction Sunday 29 November 11:30 amGunning served as a vital stop on the Old Hume Highway and was a major wool-growing center in the 19th century. The arrival of the Main Southern Railway line in 1875 transformed the village into a significant transport hub between Sydney and Melbourne.
Today, Gunning is a quiet, heritage-rich village popular with 'tree-changers' and commuters seeking a community-oriented lifestyle without sacrificing rail connectivity.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Gunning represents the 'sweet spot' for buyers priced out of Canberra who still require a manageable commute. It offers a genuine country lifestyle without the isolation of smaller hamlets.
$650k – $1.1m
N/A (Limited stock)
12-month movement
Current asking rents
The price trajectory shows resilience against high interest rates, supported by the ongoing decentralization of the Canberra workforce.
Price comparison
Median price ÷ median income
Estimated rental yield
Gunning remains one of the most affordable entry points for detached housing within an hour of the ACT border.
Lower = tighter market
Avg time on market
Annual rental increase
Young families and contractors working on regional infrastructure or renewable energy projects.
Stable yields and low vacancy rates make it a safe 'buy and hold' location, though capital growth is slower than metropolitan areas.
Expect steady growth of 4-6% per annum as the 'commuter belt' continues to solidify. Gunning is likely to see further gentrification of its main street and heritage cottages.
vs last 12 months
Relative comparison
Standard rural safety applies; focus on securing outbuildings and equipment rather than personal safety concerns.
The primary environmental risk is bushfire, given the surrounding grasslands and timbered hills. Flooding is localized to the Meadow Creek corridor.
Low risk for the majority of the township; check specific lots near Meadow Creek for 1-in-100-year flood overlays.
High risk on the village fringes. Properties may require specific BAL (Bushfire Attack Level) ratings for new builds.
Premiums may be elevated for properties in designated bushfire zones or those with heritage timber construction.
Heritage Conservation Area, Bushfire Prone Land
Infill development on larger town lots; small-scale subdivisions on the northern edge.
Zoning is flexible but heritage protections in the village center are strictly enforced to maintain the town's character.
Daily rail services and easy access to the Hume Highway.
Basic services including a post office, general store, pub, and cafes.
Excellent local showground and parklands along the creek.
Gunning Public School (K-6) is the local anchor; secondary schooling requires travel.
Local health clinic available; major hospitals in Goulburn (30 mins) or Canberra (55 mins).
A stable population with a growing trend of younger families moving in for lifestyle reasons.
The high owner-occupancy rate contributes to the strong community pride and well-maintained property standards.
Development is primarily focused on small-scale residential infill and renewable energy infrastructure in the broader region.
Residents value the 'old school' community feel where everyone knows their neighbors, though some acknowledge the trade-off in travel time for services.
Moving here was the best decision for our kids; they have space to run and the community is incredibly supportive.
The train is a lifesaver for getting into the city, but you definitely need a reliable car for everything else.
It's peaceful and the heritage buildings are beautiful, but I do worry about the distance to the hospital as I get older.
I could never afford a house with a yard this big in Canberra. Gunning gave me a start in the market.
We love the locals, but we need more tourists to stop by rather than just driving through on the highway.
Rental demand is surprisingly high. I've never had a vacancy for more than two weeks.
Position the property as a 'lifestyle sanctuary' that offers the best of country living with essential connectivity. Focus on the emotional appeal of safety, space, and community.
Gunning offers a low-entry-cost opportunity with stable rental returns and long-term capital growth potential as Canberra expands.
Lower liquidity compared to city markets and potential for higher maintenance costs on older heritage homes.
Quiet, safe, and significantly cheaper than renting in nearby cities.
Limited public transport options outside of the scheduled train services.
Ensure all smoke alarms are compliant and that any wood-fire heaters are professionally swept and inspected annually.
The '1-Hour to Canberra' lifestyle, 'Historic Charm', and 'Large Block Living'.
Young professional families, retirees from the city, and local agricultural workers.
This report is based on data available as of March 2026 and is intended for informational purposes only. It does not constitute financial or investment advice. Buyers should conduct their own independent research and seek professional legal and financial counsel before entering into any property transaction.
Auction Sun 29th Nov at 11:30am
26 20
Auction Sunday 29 November 11:30 am
Auction Sun 29th Nov at 10am
8 4 20
Auction Sunday 29 November 10:00 am
Rare Find!
Schools in this suburb, and the government school zones that cover the middle of it. A zone often covers only part of a suburb, so check an address on the property page.
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