Is Belconnen a nice place to live?

Belconnen sits around the Belconnen Town Centre and Lake Ginninderra, with lakeside open space, waterfront paths and a compact precinct for shopping and dining. The community includes many renters and couples without children at home, with 66.2% of homes rented and incomes below the ACT median. Everyday amenity centres on a bus interchange, walking and cycling routes along the lake, local shops and eateries, and proximity to major education and sporting precincts. The Belconnen Lakeshore Connected Waterfront Precinct has been identified for urban renewal to transform several foreshore sites with new public waterfront promenades.

Is it expensive to live in Belconnen?

On the figures, a typical local household earned about $1,776 a week at the last Census. Rents run to about $600 a week for houses and $560 a week for units in Belconnen, which would take roughly 34% and 32% respectively of that weekly household income — a sizeable share of income for either tenancy option. Buying is higher against local incomes: a median house at $630,000 works out to about 6.8 times a typical local annual household income, while a median unit at $422,500 is about 4.6 times. That means buying a house sits well above local incomes and buying a unit sits somewhat above; whether that feels expensive will depend on your own circumstances. Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Is Belconnen a good place to invest?

Belconnen's market shows opposing moves in values and rents: over the past 12 months, median house values fell a modest 2.5% while house rents rose 1.7%, and median unit values fell a slight 1.3% while unit rents rose 1.8%. Put simply, for both houses and units on this page rental income edged up slightly while median values slipped, so rental income and capital value moved in opposite directions in these figures. This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

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Belconnen suburb profile

Belconnen is a suburb in Canberra's Belconnen district, centred on the Belconnen Town Centre and set beside Lake Ginninderra. The area combines civic buildings, retail and lakeside open space, with walking and cycling paths along the water and a compact town precinct for everyday shopping and dining.

Housing mixes medium-density apartments and townhouses with older low-set brick homes on leafy streets. The suburb is well served by Canberra's bus network via the town centre interchange and sits close to major education and sporting precincts, giving it a practical, amenity-rich character.

Belconnen property market performance

Current median dwelling price$526,250Past 3 months

Property growth-1.9%Past 12 months

Belconnen's median house price is $630,000, down a moderate 2.5% over 12 months, while the median unit price is $422,500, down a slight 1.3%.

Houses sold more quickly than units, with a median 47 days on market compared with 60, and there were 14 house sales and 59 unit sales over 3 months. In Belconnen, house rents rose marginally, up 1.7% to $600 a week even as house values fell, and unit rents rose fractionally, up 1.8% to $560 a week while unit values declined.

	Houses	Units
Median price Past 3 months	$630K	$423K
Change in value Past 12 months	-2.5%	-1.3%
Sold Past 3 months	14	59
Median days on market Past 12 months	47	60
Average rent Past 12 months	$600	$560
Change in rent Past 12 months	1.7%	1.8%

5 year median price trend for houses and units

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Belconnen demographics

Belconnen is a community with many renters, couples without children at home and incomes below the median for the ACT.

Couples without children make up 64.3% of families and rented homes account for 66.2% of homes. At the 2021 Census 8,502 people lived in Belconnen.

Belconnen and the ACT

	Suburb	ACT
Median age years	30	35
Median household income weekly	$1,776	$2,373
Couples with children share of families	20.6%	45.3%
Couples without children share of families	64.3%	39.3%
One-parent families share of families	11.8%	13.9%
Homes owned outright share of homes	11.8%	27.3%
Homes with a mortgage share of homes	22.0%	41.2%
Homes rented share of homes	66.2%	31.5%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Belconnen infrastructure, key developments and investment opportunities

Belconnen's Belconnen Lakeshore Connected Waterfront Precinct is an ACT Government land-release urban renewal project on the Lake Ginninderra foreshore identified in the Belconnen District Strategy 2023, and is planned to transform four waterfront sites including the Circus Site and former Water Police site with new public waterfront promenades. The ACT Government also funded the Lake Ginninderra path upgrade in the 2024–25 budget, with 2024 works announced to reconstruct the lake retaining wall, replace worn pavers and widen the foreshore path at Emu Bank.

The territory moved to create a new northside hospital at the Bruce campus under the Health Infrastructure Enabling Act in 2023, with services transitioned from Calvary on 3 July 2023 and more than $1 billion committed for design and construction; enabling works were funded in the 2024–25 budget. The government progressed design work for a West Belconnen community health centre in 2024 and announced a community-based imaging service for Belconnen in 2025.

Suburbs near Belconnen

Some popular suburbs near Belconnen include:

How does Belconnen compare to nearby suburbs?

Median house prices: Belconnen’s median house price is 24.3% lower than Bruce’s.
Median unit prices: Belconnen’s median unit price is 3.0% higher than Bruce’s.
House price growth: Over the past 12 months, house prices in Belconnen have grown 1.1% higher than in Weetangera.
Unit price growth: Property prices in nearby Bruce have risen 4.8% more than in Belconnen over the past year.
Selling speed for houses: Properties in Belconnen are selling 6.0% faster than in Bruce.
Selling speed for units: Properties in Belconnen are selling 4.8% faster than in Bruce.
Investment considerations: In Belconnen, the rental yield for house is 16.7% lower than the Canberra average, while the rental yield for units is 2.1% lower.
House price growth: Over the past 12 months, house prices in Belconnen have grown 38.3% lower than the average rate of growth across Canberra.
Unit price growth:Over the past 12 months, unit prices in Belconnen have grown 10.8% lower than the average rate of growth for units across Canberra.

Common questions about Belconnen

Is Belconnen a nice place to live?
Belconnen sits around the Belconnen Town Centre and Lake Ginninderra, with lakeside open space, waterfront paths and a compact precinct for shopping and dining.

The community includes many renters and couples without children at home, with 66.2% of homes rented and incomes below the ACT median. Everyday amenity centres on a bus interchange, walking and cycling routes along the lake, local shops and eateries, and proximity to major education and sporting precincts. The Belconnen Lakeshore Connected Waterfront Precinct has been identified for urban renewal to transform several foreshore sites with new public waterfront promenades.
Is it expensive to live in Belconnen?
On the figures, a typical local household earned about $1,776 a week at the last Census. Rents run to about $600 a week for houses and $560 a week for units in Belconnen, which would take roughly 34% and 32% respectively of that weekly household income — a sizeable share of income for either tenancy option.

Buying is higher against local incomes: a median house at $630,000 works out to about 6.8 times a typical local annual household income, while a median unit at $422,500 is about 4.6 times. That means buying a house sits well above local incomes and buying a unit sits somewhat above; whether that feels expensive will depend on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
Is Belconnen a good place to invest?
Belconnen's market shows opposing moves in values and rents: over the past 12 months, median house values fell a modest 2.5% while house rents rose 1.7%, and median unit values fell a slight 1.3% while unit rents rose 1.8%.

Put simply, for both houses and units on this page rental income edged up slightly while median values slipped, so rental income and capital value moved in opposite directions in these figures.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

Choose the right real estate agents in Belconnen

There are 142 real estate agents in Belconnen, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 20.3% of all sales in the past year.

Commission rates in Belconnen typically range from 2.06% to 2.55%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.