Question 1

Is Flynn a nice place to live?

Accepted Answer

Flynn is an established residential suburb in Belconnen with quiet, leafy streets, single-family brick homes on generous blocks, mature trees, neighbourhood parks and walking paths that make outdoor life easy. Residents have convenient access to Belconnen Town Centre and Lake Ginninderra for shopping, dining and recreation, regular bus services to the town centre and wider Canberra, and local shops and community facilities for everyday needs.

Home to 3,671 people with a median age of 37 and a median household income of $2,728 a week, Flynn is a suburb of families — couple families with children are the largest group and most homes are owner-occupied (84.1%). Local civic amenities include the Flynn Community Hub and the Flynn Early Childhood Education Centre with around 140 places. Ongoing Belconnen-to-City corridor work, including bus-priority planning and the proposed Light Rail Stage 3 route, shows transport planning is under way. Whether that suits you depends on the lifestyle you want.

Question 2

Is it expensive to live in Flynn?

Accepted Answer

A median house price of $980,000 in Flynn works out to about 6.9 times a typical local household's annual income at the last Census, which puts buying well above local incomes recorded then. A house rent of about $750 a week would take roughly 27.5% of that typical household's weekly income at the last Census, a moderate share. On these figures, buying looks more stretched against local incomes than renting; whether that feels expensive will depend on your own income and circumstances.

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 Flynn a good place to invest?

Accepted Answer

If you're weighing Flynn as an investment, the house market over the past 12 months saw house values rise 6.6% while the rent those houses earn rose 7.1%. Both are solid increases, and because rents rose slightly faster than values, rental income has been the stronger performer this year while capital growth also recorded a notable lift. Which of those outcomes matters most to you depends on your investment goals and circumstances.

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	$980K	N/A
Change in value Past 12 months	6.6%	N/A
Sold Past 3 months	17	N/A
Median days on market Past 12 months	40	N/A
Average rent Past 12 months	$750	N/A
Change in rent Past 12 months	7.1%	N/A

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