Best of Australia
Soho
February 6, 2023
Key takeaways:
- From Red Hill to Forrest, Lyons to Barton, the suburbs in our list have wide green spaces, natural reserves and easy access to the city centre.
- From green spaces to natural reserves, Canberra has a mix of suburbs for all kinds of residents
- This article lists nine of the best suburbs in Canberra along with their price ranges
Trying to find the best suburbs in Canberra? Sounds like you’ve heard about how awesome it is to live in Australia’s capital. It boasts all the best of Australia—the bountiful nature, wonderful weather and laid back lifestyle with the thriving property market in Canberra to top it off.
But it takes it a step further and offers you all of that at a fraction of the price you’ll get in Sydney or Melbourne.
And the housing values are a great indicator of this city’s growth. According to Property Update, the prices in Canberra have risen by 30.9% and the unit prices by 9.4%—the highest growth rate across the capital cities. But in case you’re wondering—yes, you can still find cheap houses for sale in Canberra, at least below $650,000.
With low unemployment and crime rates and a steady growth in new developments and the local economy, it’s no wonder Australia’s best kept secret is slowly being revealed. And on top of that, Canberra is also one of the best cities for international students.
So, to help you narrow down your selection, we’re rounding up the best suburbs in Canberra so you can find what works for you. Whether you’re a young professional, bringing your family, or hoping to retire, Canberra has something for you.
But if these neighbourhoods are above your budget, check out our round up of cheap rent in Canberra to find a suburb that works for you.
Next Steps: Delving into property acquisition in Canberra? Our focused piece on buy a house in Canberra is a must-read for additional insights.
The 9 best suburbs in Canberra
Red Hill
Red Hill is one of the best suburbs in Canberra, thanks to its easy reach. It has an expansive green space and walking trails. It also maintains close proximity to the main city. The expansive nature reserve gives residents in the neighbourhood access to playing fields too, making it one of the best places to live in Australia.
This suburb has a good gross rental yield and is within easy reach from Canberra’s city centre. Residents of the Red Hill suburb also have easy access to schools, parks, shops, and even the market. This Canberra suburb has a strong sense of community and the average cost for a house is $1,600,000.
Wondering if Red Hill is one of the suburbs to avoid in Canberra? Check out our guide to find out!
Check out more real estate for sale in Red Hill ACT.
Lyons
Lyons is a suburb that is located in the Woden Valley district. It is one of Canberra’s finest districts, with various walking trails and a nature reserve. In the past year, most young families and residents from across the city desired property in Lyons.
Also, this suburb is close to Westfield Woden, shops, schools, and other amenities, which makes it a great place to live or invest in.
Lyons has an estimated median house price of $1,220,000 and a median unit price of about $885,000.If you’re looking for cheap rentals in Canberra, it’s more likely you’ll find them here.
Discover more properties for sale in Lyons ACT.
Forrest
Forrest is famously known as the most expensive suburb in one of the most expensive cities -Canberra.
The green spaces and rich lifestyle has placed a high demand on rents and sale of properties in the area. Also, basic amenities, like shops, are a walking distance from the residential areas. A house in Forrest goes for about $3.5 million and an apartment unit at $767,500.
Discover more properties for sale in Forrest ACT.
Barton
Barton is a suburb located near Lake Burley Griffin, making for an aesthetic view for residents.
This suburb is one of Canberra’s most influential residential areas, with a high demand that results in a high gross rental yield. In Barton, houses are less than units, and the area has a median house price of over $1,000,000.
In Barton, parks, schools, and houses with parklands are common. This makes it ideal for families to rent and own property here.
Discover more properties for sale in Barton ACT.
Wanniassa
Wanniassa is located south of Canberra and is one of the few suburbs in a convenient location. Owning property in this suburb guarantees easy access to schools, shops, and a leisure centre. It also has a very good rental yield, with an estimated median house price of $911,000.
Discover more properties for sale in Wanniassa ACT.
Ngunnawal
Ngunnawal is close to the Gungahlin town centre in the North of Canberra. It is Canberra’s most affordable suburb. Here, you can find more than one shopping centre and several schools. The close proximity to schools is one of the reasons families get property here. Ngunnawal has a good gross rental yield with a median house price of about $835,000.
Discover more properties for sale in Ngunnawal ACT.
Yarralumla
Yarralumla is located on the banks of Lake Burley Griffin and is adjacent to Capitol Hill. It is a 15-minute drive from the city centre by public transport. It has a lot of large blocks, a green space, parks, and a swimming beach.
Also, the schools in this neighbourhood are five-star, and there’s even a yacht and golf club. The average price for a house in this area is $2.2 million.
Discover more properties for sale in Yarralumla ACT.
Hughes
This suburb is a short drive from the city centre. As one of Canberra’s most popular suburbs, Hughes has a wide nature reserve, accessible market and availability of schools Here the median house price is about $1.6 million, while the median unit price is about $333,000.
Discover more properties for sale in Huges ACT.
Kingston
Kingston is one of the oldest suburbs in Canberra. The leafy streets, old-school eateries and trendy foods make the town desirable. It is close to the banks of Lake Burley Griffin and adds a cultural glow to the town. It has a median house price of about $555,000.
Discover more real estate for sale in Kingston ACT.
Conclusion
Finding a place that checks all your boxes can be difficult. So, this article has highlighted the best suburbs in Canberra for you to consider. Whether you are looking for great views, schools, affordability or communal life, there’s a perfect suburb for everyone.
About Soho
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Soho is your expert team in Australian real estate, offering an innovative platform for effortless property searches. With deep insights into buying, renting, and market trends, we guide you to make informed decisions, whether it's your first home or exploring new suburbs.
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Sure, this article delves into the best suburbs in Canberra, highlighting various neighborhoods and their unique features, including amenities, proximity to nature reserves, accessibility to schools, and property price ranges. It emphasizes the appeal of Canberra as a city that offers a blend of nature, a thriving property market, and a quality lifestyle at relatively affordable prices compared to major Australian cities like Sydney and Melbourne.
Canberra's property market has witnessed substantial growth, with property values on the rise. According to Property Update, housing prices in Canberra have seen significant increases, with a 30.9% rise in house prices and a 9.4% rise in unit prices, showcasing a robust market. Despite this growth, the city still presents opportunities for affordable housing, with houses available below $650,000.
The article discusses nine standout suburbs in Canberra:
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Red Hill: Known for its expansive green spaces, walking trails, and proximity to the city center. The average house cost in Red Hill is around $1,600,000.
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Lyons: Situated in the Woden Valley district, Lyons offers nature reserves, walking trails, and proximity to amenities like Westfield Woden. The median house price is approximately $1,220,000, with units around $885,000.
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Forrest: Noted as one of the most expensive suburbs in Canberra, Forrest boasts green spaces, easy access to shops, and a median house price of $3.5 million and $767,500 for apartments.
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Barton: Located near Lake Burley Griffin, Barton offers scenic views and a high demand for properties, with a median house price exceeding $1,000,000.
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Wanniassa: Positioned south of Canberra, Wanniassa provides convenient access to schools, shops, and leisure centers, with a median house price of $911,000.
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Ngunnawal: Known for its affordability and proximity to schools and shopping centers, Ngunnawal boasts a median house price of about $835,000.
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Yarralumla: Situated along Lake Burley Griffin, Yarralumla offers large blocks, green spaces, and premium schools, with an average house price of $2.2 million.
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Hughes: A popular suburb with a nature reserve, markets, and schools, with a median house price of $1.6 million and units priced around $333,000.
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Kingston: One of Canberra's oldest suburbs, Kingston boasts a cultural charm, proximity to Lake Burley Griffin, and a median house price of approximately $555,000.
The article aims to assist readers in finding the ideal suburb that aligns with their preferences, whether for scenic views, affordability, community living, or access to amenities. It's part of Soho's effort to provide comprehensive insights into Australian real estate, aiding individuals in making informed property decisions.
