Question 1

Is Deakin a nice place to live?

Accepted Answer

Deakin is an established inner-south Canberra suburb of leafy streets and generous gardens. Long-standing family homes, mid-century cottages and contemporary renovations sit on roomy blocks, and some streets include diplomatic residences that give the area a quiet, formal feel. A small strip of shops and community facilities covers everyday needs, while several reserves and lakeside parks are within easy walking and cycling reach. Main road links and regular buses make commuting straightforward.

About 3,124 people live in Deakin, with a median age of 45 and a median household income of $3,117 a week. Owner-occupation is the norm, with 77.9% of homes owner-occupied, and couple families make up roughly 88.2% of families. Planning and local upgrades are under way, including light rail planning with stops near Kent Street and Hopetoun Circuit, health-precinct planning, and improvements to sporting fields and community facilities. Whether Deakin suits you comes down to whether you want an established, gardened neighbourhood close to central Canberra amenities.

Question 2

Is it expensive to live in Deakin?

Accepted Answer

Housing costs in Deakin sit unevenly against local incomes as recorded at the most recent Census. A median house price of $2,030,000 works out to about 12.5 times a typical local annual household income at the last Census, which puts buying a house well above local incomes. Renting looks different: the average house rent of $965 a week would take about 31% of a typical local household's weekly income at the last Census, a sizeable share, while the average unit rent of $590 a week would take about 19%, a more modest share. If you're renting rather than buying, those rent shares are the numbers that matter.

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 Deakin a good place to invest?

Accepted Answer

House values in Deakin rose 18.6% over the last 12 months, a strong increase in what a house here is worth. Over the same period house rents fell 1.0% and unit rents fell 0.8%, both slight decreases in rental income.

For someone weighing Deakin up as an investment, the figures show capital growth on houses was the dominant movement over the year while rental income edged down slightly. If rental income is your priority, focus on the rent changes; if capital growth is your priority, the house value rise is the key figure. 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	$2.03M	N/A
Change in value Past 12 months	18.6%	N/A
Sold Past 3 months	15	2
Median days on market Past 12 months	70	N/A
Average rent Past 12 months	$965	$590
Change in rent Past 12 months	-1.0%	-0.8%

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