Question 1

Is Franklin a nice place to live?

Accepted Answer

Franklin is a modern residential suburb in Canberra’s Gungahlin district centred on a compact village centre and a network of parks and walking paths. Contemporary detached homes, townhouses and a few apartment pockets sit alongside playgrounds, sports fields and cycleways, with shops and cafes close by and the Gungahlin Town Centre offering broader retail and dining; good public transport and main road links make commuting to the city straightforward and the green spaces give the area a leafy feel.

The suburb has 7,484 residents and a median age of 30. Families form the core of the community and homes are slightly more likely to be owner-occupied than rented. Recent local works include a fully enclosed off-leash dog park with agility equipment and accessible spaces, an expanded public primary school with new classrooms and multipurpose facilities, and enhancements to the local nature reserve. Franklin tends to suit young families and professionals wanting low-maintenance, modern housing with parks, schools and easy city links.

Question 2

Is it expensive to live in Franklin?

Accepted Answer

On the figures for Franklin, buying and renting tell different stories against local incomes at the last Census. A median house at $952,750 is about 7.7 times a typical local annual household income at the last Census (weekly household income $2,383 × 52 = $123,916), which sits well above local incomes; a median unit at $380,000 is about 3.1 times that annual income, a more moderate multiple. For renters, $700 a week for a house would take about 29.4% of a typical local household's weekly income at the last Census, while $550 a week for a unit would take about 23.1% — both sit in the moderate share range, with house rent close to the commonly used 30% marker.

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 Franklin a good place to invest?

Accepted Answer

Over the past 12 months in Franklin the two sides of the market moved in opposite directions: median house values fell 5.5% and median unit values fell 10.4%, while rents have edged up modestly — house rents rose 3.2% and unit rents rose 3.8%. Units have seen the larger value decline, and unit rents nudged up slightly more than house rents.

If rental income is your priority, the modest rent increases are the figures to watch; if capital growth matters more, the year shows declines in values, larger on the unit side. What that balance means for you depends on your own 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	$953K	$380K
Change in value Past 12 months	-5.5%	-10.4%
Sold Past 3 months	20	17
Median days on market Past 12 months	45	74
Average rent Past 12 months	$700	$550
Change in rent Past 12 months	3.2%	3.8%

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