All About Hughes, Unincorporated ACT, ACT, 2605

Hughes, situated in the Unincorporated Australian Capital Territory, boasts a tranquil suburban environment characterized by leafy streets and a palpable sense of community. The housing market in Hughes is typified by a variety of dwelling types, ranging from charming mid-20th-century homes to modern apartments, catering to diverse preferences and budgets. Over recent years, Hughes has experienced a steady appreciation in property values, reflecting broader trends in the Canberra real estate market. This increment can be attributed to low supply levels, consistent demand, and the suburb's desirability due to its proximity to Canberra's city center and major institutions. Potential buyers and investors find Hughes appealing not only for its residential serenity but also for the lifestyle and convenience it offers, with well-regarded schools, shopping centers, and healthcare facilities nearby. However, this allure also presents a competitive market environment, often leading to bidding wars and high property turnover rates.

Living in Hughes encompasses a harmonious blend of convenience and tranquility, offering residents a peaceful retreat within easy reach of the bustling heart of Canberra. The suburb is renowned for its lush green spaces, including the popular Red Hill Nature Reserve, providing ample opportunities for outdoor activities such as hiking, jogging, and wildlife watching. The relatively quiet streets and well-maintained public amenities, such as parks and playgrounds, make it an attractive location for families and individuals seeking a safe, community-focused lifestyle. Public transportation options in Hughes ensure seamless connectivity to the wider metropolitan area, further enhancing its appeal to commuters who work in the city but prefer suburban living. Moreover, the active local community fosters a welcoming atmosphere, with numerous events, markets, and group activities that enhance the social fiber of Hughes, making it an ideal place for individuals from various walks of life to call home.

Hughes Real Estate Market Outlook

Thinking about buying in Hughes? Now could not be a better time, with 1531 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,299,000 with prices in this suburb ranging from $115,000 to $5,053,000. The aproximate distance to the coast is 106 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. High average incomes in Hughes 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 slightly lower than average earnings from occupations in Hughes changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Hughes to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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General Points of Interest

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