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: