All About Franklin, Unincorporated ACT, ACT, 2913

Franklin, located in the Unincorporated ACT region of the Australian Capital Territory, is a relatively modern suburb characterized by its diverse housing market and family-friendly atmosphere. Over the years, Franklin has experienced steady development, with a mix of contemporary townhouses, single-family homes, and apartments catering to various buyer preferences. The suburb has increasingly become popular among young professionals and families seeking a balance between urban conveniences and suburban tranquility. As demand has grown, property values have seen a notable increase, making it a competitive market for both buyers and investors. The proximity to Gungahlin Town Centre and efficient public transport links, including Canberra's light rail system, enhance its appeal by providing easy access to employment hubs and educational institutions.

Living in Franklin offers residents a vibrant yet comfortable lifestyle characterized by community spirit and ample green spaces. The suburb is known for its well-maintained parks and recreational areas, which are ideal for outdoor activities and family picnics. Schools in and around Franklin are well-regarded, contributing to its reputation as a family-friendly locale. The community is diverse, and local events foster a sense of belonging among residents. With cafes, shopping options, and various services available within reach, Franklin strikes a favorable balance between modern amenities and the peacefulness of suburban life. Its strategic location within the Canberra region ensures that while residents enjoy the perks of a quieter suburban setting, they remain well-connected to the bustling city life, offering the best of both worlds.

Franklin Real Estate Market Outlook

Thinking about buying in Franklin? Now could not be a better time, with 3395 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $959,000 with prices in this suburb ranging from $75,000 to $10,029,000. The aproximate distance to the coast is 108 Km.

Consistent high demand relative to supply is a key feature in Franklin driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Franklin ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Franklin 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 Franklin 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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Nearby Suburbs

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