Get a property report and suburb profile for any property in Belconnen

Belconnen sits beside Lake Ginninderra as the town-centre for Canberra’s Belconnen district. It is anchored by a busy shopping mall and town centre with a major bus interchange and a concentration of government and professional offices. The lakeside foreshore and nearby parks provide walking and cycling routes and informal recreation, and streets radiating from the centre mix mid-century detached homes with more recent medium-density apartments.

With 8,502 residents and a median age of 30, Belconnen leans younger and renting is the dominant tenure (66.2%, with owner-occupiers 33.8%). The community includes many couple families (most without children) alongside students and public servants, and everyday life is supported by cafes, shops and community events. Several government-led projects are under way, from foreshore and path upgrades to a 420-home build-to-rent development that includes 315 social and affordable homes and detailed design work on a Belconnen-to-city transitway. Whether it suits you comes down to whether that mix of lakeside access, transport links and housing types fits what you want.

Against a typical local household income of $1,776 a week at the last Census, average house rent of $600 a week would take about 33.7% of that income and average unit rent of $565 a week about 31.8% — both roughly a third of a typical local household's weekly earnings, a sizeable share. Looking at buying, a median house price of $640,000 is about 6.9 times a typical local annual household income at the last Census, while the median unit price of $442,000 is about 4.8 times. On these figures for Belconnen, buying a house sits well above local incomes and buying a unit sits somewhat above; whether that feels expensive depends 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.

Over the past 12 months in Belconnen, median house values edged down 1.2% while median unit values rose slightly by 0.4%. At the same time, house rents increased 1.7% and unit rents climbed a modest 2.7%.

For someone considering Belconnen as an investment, the numbers separate capital growth and rental income: house prices fell slightly even as house rents edged up, while unit rents grew modestly faster than unit values. Which of those patterns matters more for you will depend on whether you prioritise capital growth or rental income.

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.