What you can get for less than Canberra’s median house price in each region
When it comes to buying property, whether you’re a first-home buyer or a seasoned investor, house hunting is no small feat.
For some it’s a game of patience, waiting for the right home to come onto the market, while for others, it’s as easy as looking at the price tag and making an offer on the spot.
According to the latest Domain House Price Report, Canberra’s median price for houses was $779,050, a 4.4 per cent increase year-on-year.
While you can fetch a spacious four-bedroom house on a bigger block of land for less than that price in Queanbeyan, in Canberra’s Inner South houses under the median are a rare find.
If you are looking to buy a home for less than the median house price, here’s what you can buy in each of Canberra’s regions.
Molonglo Valley
Wright
Price guide: $510,000
This two-bedroom Wright home is one of just five houses on the market in Molonglo Valley under Canberra’s median house price. Perfect for downsizers or small families, it features a sleek kitchen, plenty of natural light thanks to a north-facing living space, study nook, an extra powder room and a generous outdoor entertaining space.
Inner North
Ainslie
Price guide: $620,000-$670,000
The closer to the city centre, the more mature the home that’s sheltered generations of families. That’s exactly what you get with this charming two-bedroom Ainslie home. Being outdoors is made easy and convenient given its location next to walking trails towards Mount Ainslie. This home is only one of three on the block and features period details and a private courtyard.
Belconnen
Flynn
Price guide: $679,000 +
This newly built four-bedroom home in Flynn has timber flooring that runs throughout, and a well-placed balcony – the perfect spot to enjoy a cup of tea and a good book. On 479 square metres of land, the house has a landscaped backyard with the convenience of artificial turf. It is close to the Belconnen town centre, Calvary Hospital and the University of Canberra.
Inner South
Narrabundah
Price guide: $699,000 +
Narrabundah was the only suburb in the Inner South to offer a standalone house under Canberra’s median house price. The three-bedroom home is as cute as a cottage can be and has been lovingly tended for many years. The home also features a workshop at the end of the driveway and an established garden in the backyard.
Woden Valley
Farrer
Price guide: $710,000 +
This three-bedroom Farrer home sits on almost 1000 square metres. With two separate living areas and a spacious kitchen, it’s ideal for a growing family. The expansive yard will be a treat for all to relax and play in before sitting by the back fence and watching the sunset over Mount Taylor Nature Reserve.
Tuggeranong
Gordon
Price guide: $719,000 +
For houses under Canberra’s median house price, Tuggeranong is spoiled for choice. This four-bedroom home in Gordon sits on 682 square metres of land and has been completely renovated into a more modern and sophisticated home. The standout feature is the entertaining space which has built-in speakers, TV and LED downlights.
Gungahlin
Ngunnawal
Price guide: $750,000 +
There’s plenty to choose from in the Gungahlin region if you’re shopping around for less than Canberra’s median, including this four-bedroom home on 723 square metres of land. It has been beautifully renovated and features a new kitchen with quality appliances and generous storage. The spacious yard will surely be a family favourite.
Weston Creek
Holder
Price guide: $759,000 +
This four-bedroom home in Holder is a stylish house with a flexible floor plan. The living areas flow seamlessly to the kitchen, where home-cooked meals are made easy with the stone benchtops and Smeg appliances. The landscaped garden and the covered entertaining area are a bonus.
Queanbeyan
Queanbeyan
Price guide: $749,000-$779,000
Across the border in Queanbeyan, you’ll find a four-bedroom home nestled on 814 square metres of land. Located on a quiet cul-de-sac, it has a large covered deck that offers sweeping views across the picturesque river reserve and Greenleigh Estate.
Googong
Googong
Price guide: $750,000-$780,000
For Canberra’s median house price, you’re bound to find a home of similar craftsmanship and calibre in the Googong township. When you set eyes on this four-bedroom home, you’re immediately drawn to the stone feature walls that adorn its facade. It also offers an open-plan kitchen and a family room with views to the surrounding mountains.
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