Question 1

Is Hackett a nice place to live?

Accepted Answer

Hackett is a delightful suburb that offers a peaceful and family-friendly environment, making it a wonderful place to call home. Nestled at the foot of Mount Majura, Hackett is known for its charming leafy streets and a strong sense of community that resonates throughout the area. The suburb's serene atmosphere is perfect for families and professionals who appreciate the balance between urban convenience and suburban tranquility. With its proximity to the city centre, Hackett provides easy access to a range of amenities, including excellent schools, local shops, and parks, ensuring that residents have everything they need close by.

Living in Hackett means enjoying a vibrant community vibe, where local events and gatherings foster a welcoming atmosphere. The suburb's housing options are diverse, featuring a mix of mid-century homes and modern developments, catering to a variety of preferences and lifestyles. While Hackett offers a peaceful residential environment, it does come with a few trade-offs. The tightly held nature of the suburb means that housing turnover is limited, which can make it challenging for newcomers to find a home. Additionally, while the suburb is well-connected, there are currently no major new transport or redevelopment projects on the horizon.

For families, Hackett is particularly appealing due to its proximity to quality educational institutions and ample green spaces, such as the nearby Canberra Nature Park. Safety is generally not a concern, contributing to the suburb's reputation as a secure and stable community. Although Hackett may not offer the bustling nightlife of inner-city areas, its charm lies in its quiet, village-like feel and the strong bonds among its residents. Overall, Hackett is a lovely place to live for those seeking a harmonious blend of nature, community, and convenience.

Question 2

Is it expensive to live in Hackett?

Accepted Answer

Living in Hackett, located in Canberra's inner-north, can be quite expensive, especially when it comes to housing. The median house price in Hackett is around $1,350,000, which is significantly high compared to other areas. For those considering renting, the average rent for houses is approximately $720 per week, while units, though not as prevalent, average around $405 per week.

When comparing Hackett's median household income of $2,623 per week to the average annual wage in Canberra, which is about $100,000, it's clear that a substantial portion of income would need to be allocated towards housing costs. This makes Hackett a more costly suburb to live in, particularly for those earning around the average wage.

Despite the high costs, Hackett offers the benefits of being close to Canberra's city center, with access to amenities and a pleasant community atmosphere. If you're thinking of living in Hackett, it's important to weigh these advantages against the financial commitment required to enjoy life in this desirable suburb.

Question 3

Is Hackett a good place to invest?

Accepted Answer

Hackett presents a stable investment opportunity, particularly for those seeking steady rental income. Over the past year, the median house and unit values have remained unchanged, indicating a level of market stability that can be appealing to risk-averse investors. While there hasn't been significant capital growth, the suburb's rental market shows promise, with house rents increasing by 2.9% over the last 12 months. This suggests a demand for rental properties, which can provide a reliable income stream for property owners.

Despite the lack of recent capital growth, Hackett's appeal lies in its consistency and potential for future development. The suburb's proximity to Canberra's city center and its reputation as a quiet, family-friendly area make it attractive to long-term renters. This steady demand for rental properties can offer investors a sense of security, knowing that their investment is likely to yield consistent returns. Overall, Hackett may not be the place for rapid gains, but it offers a dependable investment option for those prioritizing stability and rental yield.

	Houses	Units
Median price Past 3 months	$1.22M	N/A
Change in value Past 12 months	-7.8%	N/A
Sold Past 3 months	15	N/A
Median days on market Past 12 months	46	N/A
Average rent Past 12 months	$740	$425
Change in rent Past 12 months	5.7%	3.7%

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