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Canberra’s ‘Up and Comer’ suburbs

By foxygeek - 7 August 2009 72

Hey guys,

I’m fairly new to Canberra and would like to get people’s views on good value suburbs for real estate.  Would also be interested in not only the ‘cheap’ suburbs but what they are like in general.  We all know that cheap suburbs are cheap for a reason, but I’m more interested in those suburbs that present good value (i.e. relatively cheap now, but likely to be sought after in the next 10 years or so…).  I’m from Brisbane and I remember in the 90s, the suburbs surround Fortitude Valley over there such as Newfarm, were looked down upon… but now it’s become very much sought after and property has skyrocketed, even despite the recent downturn.

The March 09 issue of AFR Smart Investor lists the following Canberra suburbs as the top 10 best value for money suburbs:

  1. Conder
  2. Wanniassa
  3. Forde
  4. Higgins
  5. Calwell
  6. Charnwood
  7. Ngunnawal
  8. Banks
  9. Macgregor
  10. Holt

Would be interested in your thoughts…

What’s Your opinion?


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72 Responses to
Canberra’s ‘Up and Comer’ suburbs
Hank 11:09 am 07 Aug 09

I just bought in Higgins, its right near the new super school 5 min walk to Kippax shopping centre and across the road from large ovals. The block is huge and a well built house for a very reasonable price.

bubzie 10:44 am 07 Aug 09

Calwell is NOT that great.

Pot Holes 10:41 am 07 Aug 09

I can’t help but think that Oakes Estate will come good one day. It is close to facilities in Queanbeyan and also closer to Civic than many of the other suburbs mentioned. Might not be for a while though.

Holden Caulfield 10:04 am 07 Aug 09

Very Busy said :

Suburbs close to the Tuggeranong town centre are almost certain to do well. There are large office blocks and shopping centres and although it is a fair distance from the city, Tuggeranong is self sufficient. Full size house blocks are the norm and it is not a social experiment like much of Gungahlin which makes Tuggeranong a safer bet. It has the beautiful Brindabella Ranges as a backdrop which adds to its appeal. Tuggeranong has very good infrastructure.

Being a Northside lad myself, it pains me to say that history shows the comment above to be sound advice.

Holden Caulfield 10:01 am 07 Aug 09

For Canberra, at least, all of those suburbs are quite a way out. For example, there’s Gungahlin, then there’s outer Gungahlin! Same goes for Tuggeranong Valley.

I don’t mind the Kaleen suggestion. If you wanted something new, then take a look at Crace as well, which is (kind of) nearby.

It’s part of Gungahlin, but on the edge so you don’t have to drive all the way through the burbs to get home and it’s close to the Barton Highway, so access to town is relatively easy. Although Northbourne Ave sucks.

I’ve always thought Page, next to Belconnen town centre, might have some hidden gems in it too, but have been fortunate enough to never have to look at it too closely.

Having said all that, the days of making a quick buck as your Brisbane experience tells, are long gone. In the short term at least.

Good luck!

screaming banshee 9:52 am 07 Aug 09

The same rules apply here as everywhere else, worst house best street as close as you can get to civic or a town centre. Better value in established houses closer to the centres than new houses in new suburbs.

Frontrow is spot on, you wont see the likes of the valley here or anywhere else in oz I suspect, too many people are switched on to it now.

Very Busy 9:51 am 07 Aug 09

Suburbs close to the Tuggeranong town centre are almost certain to do well. There are large office blocks and shopping centres and although it is a fair distance from the city, Tuggeranong is self sufficient. Full size house blocks are the norm and it is not a social experiment like much of Gungahlin which makes Tuggeranong a safer bet. It has the beautiful Brindabella Ranges as a backdrop which adds to its appeal. Tuggeranong has very good infrastructure.

layne 9:40 am 07 Aug 09

Definately give Kaleen a look in. It’s closer to the city than Gungahlin and is only a few minutes drive from Dickson.

barking toad 9:36 am 07 Aug 09

I think you should move to Charnwood

Friska 9:33 am 07 Aug 09

LOL @ charnwood on the list

frontrow 9:20 am 07 Aug 09

They are (relatively) cheap because they are far away from the city centre. Fortitude Valley is smack in the middle of Brisbane. Canberra isn’t old enough to have developed the inner city tenements that various other cities had and won’t ever go throught the urban gentrification process. No free money to see here.

OzChick 9:19 am 07 Aug 09

I think Macgregor and Holt are on the list as the new super school just opened.

Also, West Macgregor seems to be expanding heaps.

ahappychappy 8:51 am 07 Aug 09

Wanniassa at #2?
That always depends which part of Wanniassa you are looking at!

Hit up the side on the hill/closer to Erindale and you’ll probably get a decent return investment wise, as for the otherside I’m not too sure.

Fiona 8:23 am 07 Aug 09

Banks and COnder will be better off soon once their roadworks near the Lanyon shopping centre are done and it won’t take them 30 mins to hit Drakeford…

T 8:09 am 07 Aug 09

I think the gungahlin area will just keep going up…. canberra is just expanding.. and we dont go upwards we go further out… i think the will keep putting property out that way..

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