Question 1

Is Garran a nice place to live?

Accepted Answer

Garran is an inner-south Canberra suburb in the Woden Valley that feels quietly residential, with tree-lined streets of predominantly mid-century brick houses alongside newer townhouse infill. It attracts families and professionals who want an established neighbourhood with easy access to the shops, services and employment hubs in nearby Woden. Local parks, school grounds and sports fields provide green space for everyday recreation, and regular bus services and arterial roads make getting around straightforward.

About 3,706 people live in Garran, the median age is 41 and the median total household income is $2,985 a week (about $155,200 a year). Homes are mostly owner-occupied. The suburb is home to the Canberra Hospital campus, which underwent a major expansion adding critical services and improved public transport links, and local education and open-space works have upgraded the primary school and returned Garran Oval to community use. Whether Garran suits you will come down to what you want from a suburb.

Question 2

Is it expensive to live in Garran?

Accepted Answer

Rents in Garran are about $798 a week for houses and $730 a week for units. Against a typical local household income of $2,985 a week at the last Census, that puts house rent at roughly 26.7% of a typical household's weekly income and unit rent at about 24.5%. Both figures sit in the moderate share band of income, with house rents closer to the upper end of that range, so these percentages are the clearest measure of affordability for someone planning to rent here.

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 Garran a good place to invest?

Accepted Answer

Units have outperformed houses in Garran over the past year: unit values rose a solid 5.6% while unit rents increased a moderate 4.3%. By contrast, house values edged up 1.9% and house rents rose only 0.4%.

If capital growth is your focus, the unit side delivered the stronger gains this year. If rental income is your priority, unit rents also grew faster than house rents. Whether that balance suits your objectives 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	N/A	N/A
Change in value Past 12 months	1.9%	5.6%
Sold Past 3 months	9	5
Median days on market Past 12 months	52	37
Average rent Past 12 months	$798	$730
Change in rent Past 12 months	0.4%	4.3%

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