Buvette Masthead

Hot Property: Five Suburbs To Watch

Laura Peppas

When you’re faced with selling or finding your new dream home, it can be a hard task to navigate Canberra’s ever-changing real estate market.

So how do you determine which areas could provide the most value in the long run? With the help of realestate.com.au, we narrow down five suburbs to watch. 


1. O’Connor

With its leafy streets and close proximity to the city, O’Connor has steadily become one of Canberra’s most in-demand suburbs. Its residents are lucky enough to have places like The Duxton and 39 Steps café at their doorsteps, as well as a chemist, local GP and IGA. The Australian National University, St Joseph’s School and the city centre are also just a short walk away, giving the area a huge lifestyle advantage. And while many older houses line the streets, there are plenty of new developments cropping up.

Realestate.com.au’s ACT State Sales Manager, Grant Turner, says O’Connor had the highest interest from buyers in 2015 and the lowest supply of properties for sale – making it one of Canberra’s most tightly held suburbs.

“This highlights a great opportunity for any prospective sellers in the O’Connor area and gives buyers a good indication of where they may face competition,” Grant says.

2. Crace

Crace has come a long way since its establishment in 2010 – it is now one of the fastest growing suburbs in Australia. Its local shopping complex is a bustling hub of activity with a range of restaurants and cafes to choose from, while fitness junkies are well catered for with plenty of bike paths, parks and workout stations.

Director/Sales Agent of Dickson McGrath Estate Agents Maree Van Arkel says the suburb also has a childcare centre, a medical centre and community garden. “Crace has a vibrant atmosphere with mostly young families,” she says.

 3. Forde

The fairly new suburb of Forde, in Canberra’s far north, was ranked first in the 2013 ACT in the Australian Bureau of Statistics Socio-Economic Indexes for Areas, which measures people’s access to material and social resources, and their ability to participate in society.

Residents say it has a fantastic sense of community, with 13 community parks, private and public schools, 20km of hike and bike trails and all homes within walking distance to the Village Centre, which houses local favourites such as Frankies at Forde pub and Jimmy’s Palace.

“It’s a very well planned out suburb, with many large, new homes,” says Maree.


4. Yarralumla

As one of Canberra’s most prestigious suburbs, Yarralumla has long been top of the wish list for many buyers, and it’s predicted to increase in value. Grant says while it’s a tightly held area, properties still appeal to buyers, with 8 per cent more views than surrounding suburbs.

“Over the past five years house prices have increased by 22.9 per cent and have an annual compound growth of 4.2 cent,” Grant says.

Yarralumla also has one of the best local shops in Canberra, including trendy cafes Bees and Co and Farmers Daughter, a large IGA, pharmacy, hairdresser, butcher, bakery and the Turkish Halal Pide House (boasting arguably the city’s tastiest kebabs).

5. Curtin

Quiet, leafy and central, Curtin is one of the most convenient locations in Canberra; just a seven-minute drive to the city, a five-minute drive to Woden and an eight-minute drive to Manuka as well as being close to Calvary John James and Canberra Hospitals. The local shopping centre is well stocked for residents, including cafes such as Red Brick Espresso and Beyond Q, as well as a Coles supermarket, pharmacy, post office, newsagent, bakery, hairdresser, liquor store and florist.

Grant says realestate.com.au data shows that established couples and families are the primary demographic in Curtin. “Since 2007, our data shows that house prices in the area have increased at a steady rate,” he says.

“Four bedroom houses are the most commonly searched properties types, with the median house price in 2015 being listed at $805,000”.

For more information on buying or selling in Canberra visit realestate.com.au

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Feature image of O’Connor: Martin Ollman


Laura Peppas

Laura Peppas is HerCanberra's senior journalist and communications manager and is the Editor of Unveiled, HerCanberra's wedding magazine. She is enjoying uncovering all that Canberra has to offer, meeting some intriguing locals and working with a pretty awesome bunch of women. Laura has lived in Canberra for most of her life and when she's not writing fervently she enjoys pursuing her passion for travel, reading, online shopping and chai tea. More about the Author