Question 1

Is Braddon a nice place to live?

Accepted Answer

Braddon sits immediately north of Canberra’s CBD and feels like a compact urban village. Lonsdale Street is lively with cafés, small bars, galleries and boutique shops, while a busy dining scene and weekend markets give the area an inner-city social feel. Modern apartments sit alongside renovated weatherboard cottages, and residents are often young professionals, creatives and downsizers who value easy walking access to the city. Haig Park and pocket parks provide green relief.

Braddon has 6,383 residents, a median age of 30 and a typical household income of $2,259 a week. Couples without children are the dominant family type, and 61.3% of dwellings are rented while 38.7% are owner-occupied. The suburb has seen city-led streetscape upgrades on Lonsdale, Mort and Elouera Streets, renewal in Haig Park with a new community centre, active-travel links such as the Garden City Cycleway, and a Canberra light rail stop at Ipima Street. A Lowanna Street public housing block is under consideration within the territory’s Growing and Renewing Public Housing program.

Question 2

Is it expensive to live in Braddon?

Accepted Answer

Rents in Braddon run to $750 a week for houses and $600 a week for units. Against a typical local household income of $2,259 a week as recorded at the last Census, a house rent would take about 33.2% of that income and a unit rent about 26.6% — a sizeable share for a house and a moderate share for a unit.

A unit priced at $515,000 works out to about 4.4 times a typical local annual household income at the last Census, which sits somewhat above what local households earned at that time. If you're focused on renting rather than buying, those weekly rent shares are the clearest measure of how housing costs compare with local incomes at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Braddon a good place to invest?

Accepted Answer

Over the past 12 months Braddon recorded a slight fall in median house values, down 1.4%, and a modest fall in median unit values, down 3.3%. Unit rents edged up 1.7% over the same period.

For someone weighing Braddon up as an investment, the value figures show capital values fell over the year while the rent figure shows a slight rise in rental income; unit rents rising while unit prices fell means the rental income movement differed from capital movement this year. Whether that mix fits your goals and circumstances is for you to decide.

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.

	Houses	Units
Median price Past 3 months	N/A	$515K
Change in value Past 12 months	-1.4%	-3.3%
Sold Past 3 months	7	58
Median days on market Past 12 months	41	54
Average rent Past 12 months	$750	$600
Change in rent Past 12 months	N/A	1.7%

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