Question 1

Is Googong a nice place to live?

Accepted Answer

Googong is a master-planned lakeside township built around the reservoir and lake, with contemporary, family-sized detached homes, some lakeside addresses and generous public open space. The neighbourhood encourages an outdoor lifestyle with extensive walking and cycling paths, foreshore reserves, playgrounds and water-based recreation, while a compact town centre provides local shops, schools and community facilities. Parks, sports fields and tree-lined streets give the area a calm, suburban character close to the city.

Home to 7,444 people with a median age of 32, Googong is weighted towards families and is largely owner-occupied (81.6% owner-occupiers). The town centre roll-out and community facilities are being staged, with Coles confirmed for Googong Central and a two-storey hotel under construction, while Googong North already has an IGA, health services, a chemist, childcare and a community centre. The public primary school is open, a high school site has been gifted and sports infrastructure is expanding, and regional planning is looking at improved bus links to Canberra and potential additional road connections.

Question 2

Is it expensive to live in Googong?

Accepted Answer

At about 5.9 times a typical local annual household income at the last Census, the median house price in Googong ($1,027,500) sits somewhat above what local households earned then. That gives a sense of how buying compares with local incomes recorded at the most recent Census.

Rents look easier to carry by comparison. A house renting for $790 a week would take about 23% of a typical local household's weekly income at the last Census, a moderate share, while a unit at $575 a week would take about 17%, a modest share. If you are renting rather than buying, the rent shares are the more relevant measures for your situation.

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 Googong a good place to invest?

Accepted Answer

Over the past 12 months in Googong the two sides of the market moved in opposite directions. House values rose 3.5%, a modest increase in what houses are worth, while unit values fell 16.2%, a sharp decline. On the income side, house rents edged down 0.6%, whereas unit rents rose 4.5%, a modest increase in the rent those units earn.

If capital growth is your priority, the figures show houses delivered modest price gains over the year while units lost value. If rental income matters more, unit rents improved modestly while house rents slipped slightly. Which of those outcomes matters to you will depend 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	$1.03M	N/A
Change in value Past 12 months	3.5%	-16.2%
Sold Past 3 months	54	8
Median days on market Past 12 months	70	64
Average rent Past 12 months	$790	$575
Change in rent Past 12 months	-0.6%	4.5%

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