All About Belconnen, Unincorporated ACT, ACT, 2617

As of the most recent data up to 2023, the housing market in Belconnen, located in the Australian Capital Territory (ACT), reflects both the unique characteristics and growing appeal of this vibrant district. Belconnen is known for its mix of residential properties ranging from modern apartments to spacious family homes, which cater to a diverse population that includes young professionals, families, and retirees. Property prices in Belconnen have experienced a steady increase over the years, driven by factors such as the area's accessibility, proximity to Canberra's central business district, and the continuous development of local amenities. Buyers are often attracted by the strong community feel, excellent infrastructure, and the natural beauty of nearby Lake Ginninderra and expansive parks. Renting also remains a viable option here, with the market offering a variety of options at competitive rates compared to the inner suburbs of Canberra.

Living in Belconnen offers a balanced lifestyle with its blend of urban conveniences and natural settings. The suburb is well-served by a comprehensive public transport network that connects residents to the rest of Canberra, making commuting relatively hassle-free. Belconnen is home to major shopping centers like Westfield Belconnen, which hosts a range of retail outlets, restaurants, and entertainment options. The area is also noted for its educational institutions, including the University of Canberra and several well-regarded public and private schools, making it an attractive region for families seeking quality education opportunities for their children. The community in Belconnen is rich with cultural and recreational facilities, such as the Belconnen Arts Centre and numerous sporting clubs, which foster a sense of community and engagement among residents. The combination of these factors makes Belconnen a well-rounded and appealing place to live within the ACT.

Belconnen Real Estate Market Outlook

Thinking about buying in Belconnen? Now could not be a better time, with 8852 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $581,000 with prices in this suburb ranging from $60,000 to $56,909,000. The aproximate distance to the coast is 112 Km.

Consistent high demand relative to supply is a key feature in Belconnen driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Belconnen are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Belconnen classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Belconnen requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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