Question 1

Is Hackett a nice place to live?

Accepted Answer

Hackett is a leafy inner-north Canberra suburb with a quietly residential feel. Its streets are dominated by mid-century brick cottages and detached homes alongside pockets of contemporary townhouse infill, and the suburb borders the bushy ridgelines of Mount Majura, giving ready access to walking and mountain-bike trails. Small local reserves and playgrounds suit family life, while residents rely on nearby Dickson and Braddon for cafes, shops and services. The area is well connected to the city by frequent bus routes and straightforward road links.

Home to 3,227 people with a median age of 40, Hackett is largely a suburb of families: couple families with children make up 52.6% of families and, together with couple families without children, account for 84.8% of families. Roughly three in four homes are owner-occupied and about 23.7% are rented, so it reads as an established, owner-occupied neighbourhood. The Garden City Cycleway is being delivered through the area, the neighbourhood oval has had a pavilion and amenities upgrade, and a community petition about high-school enrolment zones did not lead to a change in Hackett’s existing priority enrolment area. Whether that suits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Hackett?

Accepted Answer

A median house price of $1,170,000 in Hackett works out to about 8.6 times a typical local annual household income at the last Census (weekly income $2,623 ? annual $136,396). That multiple places buying a house well above local incomes recorded at the last Census.

Renting looks less stretched: a house rent of $743 a week would take about 28.3% of a typical local household's weekly income at the last Census, a moderate share, while a unit rent of $450 a week would take about 17.2%, a modest share. Which figure matters depends on whether you plan to rent or buy; note the household income is as recorded at the most recent Census while the prices and rents are current.

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 Hackett a good place to invest?

Accepted Answer

The past 12 months in Hackett showed mixed movement: median house values fell 6.4% while the rent those houses earn rose 6.1%. For houses, that means capital value and rental income moved in opposite directions over the year.

Unit rents rose 9.8% over the same period, growing faster than house rents, so the stronger rent movement this year has been on the unit side. Whether that balance fits your plans depends on whether you prioritise capital growth or rental income.

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	$1.17M	N/A
Change in value Past 12 months	-6.4%	N/A
Sold Past 3 months	17	1
Median days on market Past 12 months	50	N/A
Average rent Past 12 months	$743	$450
Change in rent Past 12 months	6.1%	9.8%

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