Ngunnawal vs NichollsTwo Canberra suburbs compared for a home loan
Ngunnawal (ACT 2913) is approximately 12 km north of the Canberra city centre, in northern Gungahlin. Nicholls (ACT 2913) is approximately 12 km north-west of the Canberra city centre, around the Gold Creek precinct. At the 2021 Census, Ngunnawal had 10,957 residents with a median age of 34, and Nicholls had 6,680 residents with a median age of 44.
In both suburbs the most common occupied dwelling was separate houses. Flats and apartments made up 0% of occupied dwellings in Ngunnawal and 0% in Nicholls, while 26% of Ngunnawal households rented compared with 15% in Nicholls. These differences matter for finance, because lenders assess apartments, strata buildings and houses on land differently.
Both suburbs are in the same state, so transfer duty is calculated on the same scale and the difference in upfront cost comes from the purchase price. The panel below applies that scale, and an estimate of lenders mortgage insurance, to the prices you enter.
ACT 2913 · Gungahlin
Ngunnawal
Ngunnawal is the largest suburb in these Canberra guides by population, with no apartments and 49.7 per cent of households holding a mortgage.
Australian Capital Territory. Approximately 12 km north of the Canberra city centre, in northern Gungahlin.
Read the full Ngunnawal guideACT 2913 · Gungahlin
Nicholls
Nicholls is the most established Gungahlin suburb, 89.3 per cent detached houses with no apartments, where only 14.7 per cent of households rent.
Australian Capital Territory. Approximately 12 km north-west of the Canberra city centre, around the Gold Creek precinct.
Read the full Nicholls guide
What buying in Ngunnawal and Nicholls would mean for the loan
The difference between two suburbs is usually a difference in price, and price drives the deposit, the transfer duty, any lenders mortgage insurance and the repayment. Enter the prices you are seeing and the panel works out each of those for Ngunnawal and Nicholls.
Your prices and deposit
Enter the price you are seeing in each suburb. BorrowWise does not quote prices, so the comparison uses yours.
Enter a price for Ngunnawal to see the repayment, transfer duty and upfront cash.
Enter a price for Nicholls to see the repayment, transfer duty and upfront cash.
Warning: The interest rate used here is an example only. It is not a comparison rate and is not a rate offered by any lender, and it does not include fees and charges. Different rates, terms, fees or loan amounts will give a different result.
Estimates only. Repayments assume a principal and interest loan at a constant rate, which is an assumption and not a current market rate. Transfer duty is indicative for established homes, first home buyer relief depends on eligibility, and upfront cash includes an allowance of $3,000 for conveyancing and inspections. Lenders mortgage insurance is an estimate and is added to the loan. A lender makes its own assessment.
Ngunnawal and Nicholls: Census profile compared
Figures are from the 2021 Census, so rents, repayments and incomes have moved since. They are most useful for comparing one suburb with another and with Australia as a whole.
| Measure | Ngunnawal | Nicholls |
|---|---|---|
| People and households | ||
| Residents | 10,957 | 6,680 |
| Median ageAustralia 38 | 34 | 44 |
| Average household sizeAustralia 2.5 | 2.6 | 2.9 |
| Median household income, weeklyAustralia $1,746 | $2,219 | $3,134 |
| Housing costs at the 2021 Census | ||
| Median rent, weeklyAustralia $375 | $450 | $502 |
| Median mortgage repayment, monthlyAustralia $1,863 | $1,950 | $2,300 |
| Who owns and who rents | ||
| Households rentingAustralia 31% | 26% | 15% |
| Owned with a mortgageAustralia 35% | 50% | 43% |
| Owned outrightAustralia 31% | 21% | 41% |
| Types of home | ||
| Separate housesAustralia 72% | 67% | 89% |
| Townhouses, terraces and semi-detachedAustralia 13% | 33% | 10% |
| Flats and apartmentsAustralia 14% | 0% | 0% |
| Homes with two bedrooms or fewer | 13% | 3% |
| Homes with four bedrooms or more | 24% | 70% |
| Dwellings unoccupied on Census night | 4% | 4% |
Source: Australian Bureau of Statistics, 2021 Census (CC BY 4.0). Tenure shares exclude households that did not state their tenure. Dwelling shares are of occupied private dwellings.
Home loan considerations in Ngunnawal and Nicholls
Lenders treat houses on land, townhouses and apartments differently, and some apply extra conditions to small apartments, high-density buildings or particular postcodes. These are the points each guide raises.
Ngunnawal
- First home buyers
- Upgraders
- Investors
- The suburb's size gives a valuer ample close comparable evidence.
- Single-development exposure limits still apply to any particular townhouse complex.
- Complexes from the 1990s warrant close review of sinking fund adequacy.
- Estate design guidelines can differ between areas released at different times.
- The suburb postdates the loose-fill asbestos installation period entirely.
Nicholls
- Upgraders
- Downsizers
- Investors
- Only 14.7 per cent of households rented, so the tenant pool is small for investors.
- A very large home may have fewer close comparable sales for valuation.
- Density potential should not be assumed from development elsewhere in Gungahlin.
- Estate design guidelines governing facade and scale may still run with the land.
- The suburb postdates the loose-fill asbestos installation period entirely.
Housing stock in Ngunnawal and Nicholls compared
Ngunnawal
- Detached houses
- Separate houses numbered 2,728 at the 2021 Census, 67.3 per cent of occupied homes.
- Townhouses
- At 1,321 dwellings, or 32.6 per cent of occupied homes, well above the national share.
- Three bedroom homes
- At 2,522 dwellings, the dominant size recorded at the 2021 Census, ahead of 812 four-bedroom.
Nicholls
- Large detached houses
- Separate houses numbered 2,033 at the 2021 Census, 89.3 per cent of occupied homes.
- Four and five bedroom homes
- At the 2021 Census, 1,136 dwellings had four bedrooms and 446 had five or more.
- Townhouses
- The 237 semi-detached or townhouse dwellings counted at the 2021 Census, with no apartments.
Official sale price and rent figures for Ngunnawal and Nicholls
Only figures published free of charge by a government agency are shown. Where none is published the space is left empty rather than filled with an estimate. Each guide charts the full series.
Ngunnawal
No government agency publishes a free median sale price or rent series for Ngunnawal, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Nicholls
No government agency publishes a free median sale price or rent series for Nicholls, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Transport, schools and amenities in Ngunnawal and Nicholls
Ngunnawal
Transport
- Transport Canberra buses (bus)
- Gundaroo Drive (road)
- Barton Highway (road)
Amenities
- Ngunnawal local shops
- Gungahlin Town Centre
- Gungaderra Grasslands Nature Reserve
Nicholls
Transport
- Transport Canberra buses (bus)
- Gungahlin Drive (road)
- Barton Highway (road)
Amenities
- Gold Creek precinct
- Gungahlin Town Centre
- Nicholls local shops
School listings show name, level and sector only. Enrolment areas change, so confirm eligibility for a specific address with the school or the ACT education department.
Compare Ngunnawal or Nicholls with another suburb
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Request a free assessment: Ngunnawal or Nicholls
An accredited mortgage broker can check your borrowing power against prices in Ngunnawal and Nicholls, and explain how lenders treat the homes you are considering. The assessment is free of charge and carries no obligation.