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Dunlop suburb profile

Dunlop is a peaceful suburb located in the Belconnen district of Canberra, known for its family-friendly environment and natural beauty. Situated approximately 15km northwest of the Canberra CBD, Dunlop offers a suburban lifestyle with easy access to urban amenities. The suburb is characterized by its spacious parks, walking trails, and proximity to the scenic Ginninderra Creek. Dunlop is popular among families and professionals seeking a quiet residential area with a strong sense of community. With a mix of modern homes and established properties, Dunlop provides a comfortable and convenient living experience for its residents.

Dunlop property market performance

Dunlop's property market has shown positive growth over the past 12 months, with house values increasing by 6.2% and unit values rising by 2.2%. The median house price over the past three months has averaged $902,750, while units have averaged $398,000, indicating a steady demand for both property types.

Sales activity has been moderate, with 32 houses and just 1 unit sold in the past three months. Houses are selling faster than units, with a median time on market of 49 days compared to 66 days for units, suggesting a stronger demand for houses.

The rental market in Dunlop has seen a significant change for units, with a 36.5% increase in rent over the last 12 months, while house rents have remained stable. The average rent for houses is $650, and for units, it is $430, reflecting a shift in rental demand.

Median price - houses$835KPast 3 months

Median price - units$398KPast 3 months

Change in value - houses5.6%12 months

Change in value - units2.2%12 months

Houses sold21Past 3 months

Units sold2Past 3 months

Median DOM - houses41Past 12 months

Median DOM - units66Past 12 months

Average rent - houses$650Past 12 months

Average rent - units$430Past 12 months

Change in rent - housesN/APast 12 months

Change in rent - units36.5%Past 12 months

Dunlop demographics

Dunlop, located in the Australian Capital Territory, is a family-friendly suburb known for its peaceful environment and community-oriented lifestyle. With a population of 7,265 and a median age of 36, Dunlop is home to many young families and professionals who appreciate its suburban charm and proximity to Canberra's amenities. The suburb's high median household income of $2,503 per week reflects the affluence and stability of its residents, many of whom are employed in well-paying sectors.

Family life is a central aspect of Dunlop, with 54.4% of households being couple families with children, and 28.7% being couple families without children. This strong family presence is complemented by a smaller proportion of one-parent families, making up 15.9% of the community. The suburb's layout and amenities cater well to families, offering parks, schools, and recreational facilities that enhance the quality of life for its residents.

In terms of housing, Dunlop is characterized by a high rate of home ownership, with 61.1% of properties owned with a mortgage and 20.4% owned outright. This indicates a stable and committed community, with a relatively low rental rate of 18.5%. The suburb's appeal to homeowners is evident in its well-maintained properties and community-focused atmosphere, making it an attractive option for those seeking a secure and family-friendly environment within reach of Canberra's city center.

Dunlop infrastructure, key developments and investment opportunities

Dunlop is experiencing some notable developments that may impact its property market. The suburb is set to benefit from the West Belconnen development, a major project that will introduce new housing, community facilities, and green spaces in the neighboring area. This large-scale development is likely to increase demand for properties in Dunlop due to improved amenities and infrastructure in the wider region.

Additionally, the ongoing upgrades to the Kippax Group Centre, located nearby in Holt, will enhance shopping and community facilities accessible to Dunlop residents. The suburb's proximity to the Ginninderra Creek corridor and nature reserves continues to be a drawcard for buyers seeking a balance between urban living and natural surroundings. These factors, combined with Dunlop's established family-friendly reputation, are expected to maintain steady interest in the local property market.

Dunlop rental market trends

The rental market in Dunlop has shown stability in house rents, remaining unchanged at $650 per week over the past year. However, unit rents have surged by 36.5%, reaching $430 per week. This significant increase in unit rents highlights a growing demand for more affordable rental options in the suburb, making it an attractive choice for renters seeking value.

Suburbs near Dunlop

Some popular suburbs near Dunlop include:

Common questions about Dunlop

  • Is Dunlop a nice place to live?

    Dunlop is a charming suburb that offers a delightful blend of tranquility and convenience, making it a wonderful place to call home. Nestled in the Belconnen district, it provides a serene environment that is perfect for families and those seeking a peaceful lifestyle. The suburb is known for its lush green spaces and scenic walking trails, which offer residents the chance to enjoy the natural beauty of the area. With its strong sense of community, Dunlop is a place where families can thrive, supported by local amenities that cater to everyday needs.

    Living in Dunlop means enjoying the best of both worlds. While it offers a quiet suburban lifestyle, it is still within easy reach of Canberra's urban amenities. The suburb's proximity to shopping centers, cafes, and recreational facilities ensures that residents have everything they need close at hand. Safety is a key feature of Dunlop, with its family-friendly atmosphere and community-focused vibe providing peace of mind for parents and children alike.

    However, there are a few trade-offs to consider when living in Dunlop. While the suburb offers a peaceful retreat from the hustle and bustle of city life, it may lack the vibrant nightlife and cultural attractions found in more central areas. Additionally, as Dunlop continues to develop, residents may experience some changes in the local landscape and infrastructure. Despite these considerations, Dunlop remains a highly desirable suburb for families and professionals seeking a secure and comfortable living environment with a strong community spirit.

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  • Is it expensive to live in Dunlop?

    Living in Dunlop can be considered moderately expensive, especially when you look at the property market. The current median house price is $902,750, which is quite significant compared to other suburbs in the region. If you're considering renting, the average rent for houses is $650 per week, while units are a bit more affordable at $430 per week.

    When comparing the average wage in Dunlop, which is $108,000 per year, to the average household income, which is $2,503 per week, it becomes evident that the cost of living, particularly housing, takes up a substantial portion of income. This average wage is relatively high compared to other areas, which helps balance the expenses, but it still requires careful budgeting for those looking to settle in this suburb.

    Overall, Dunlop offers a pleasant lifestyle with its suburban charm and amenities, but the costs associated with living here, particularly in terms of housing, are something to consider. If you are thinking of living in Dunlop, it's important to evaluate your financial situation to ensure it aligns with the expenses of this appealing suburb.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Dunlop a good place to invest?

    Dunlop presents an intriguing investment opportunity, especially for those interested in the unit market. Over the past year, the suburb has seen a modest increase in median house values by 6.2%, indicating steady growth. However, the standout figure is the significant 36.5% increase in rent for units, suggesting a strong demand for rental properties in this category. This surge in rental prices could be appealing for investors looking to capitalize on rental income.

    While the change in median unit value has been a more modest 2.2%, the substantial rise in rental demand could signal future growth potential in property values. The stable house market, combined with the booming rental market for units, makes Dunlop a suburb worth considering for investment. It offers a balanced mix of steady capital growth and promising rental returns, particularly in the unit sector, which could attract young professionals or students looking for affordable living options.

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