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Higgins suburb profile

Higgins is a well-established suburb located in the Belconnen district of Canberra, ACT. Known for its peaceful residential atmosphere, Higgins offers a family-friendly environment with a strong sense of community. The suburb features a mix of older homes and newer developments, providing diverse housing options. Residents enjoy access to local amenities, including schools, parks, and shopping centers, making it a convenient place to live. Its proximity to the Belconnen Town Centre and easy access to public transport enhance its appeal. Higgins continues to attract families and individuals seeking a balanced suburban lifestyle within reach of Canberra's city center.

Higgins property market performance

Higgins’ property market has experienced a subtle increase in value over the past 12 months, with house values rising by 2.2%, bringing the median house price to $887,500. The unit market has remained static, with no change in value and little activity.

Sales activity has been limited, with 18 houses and only one unit sold in the past 12 months. Houses are moving relatively quickly, with a median of 30 days on the market, indicating steady demand.

In the rental market, house rents have risen by 4.8%, averaging $650 over the last 12 months, reflecting a modest increase in rental demand. The unit rental market remains inactive.

HousesUnits
Median price
Past 3 months
$888KN/A
Change in value
Past 12 months
2.2%N/A
Sold
Past 3 months
181
Median days on market
Past 12 months
30N/A
Average rent
Past 12 months
$650N/A
Change in rent
Past 12 months
4.8%N/A

5 year median price trend for houses and units

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Higgins demographics

Higgins, located in the Australian Capital Territory, is a suburb that offers a balanced lifestyle with a strong sense of community. With a population of 3,321, it is a relatively small suburb that provides a peaceful environment while still being close to the amenities of Canberra. The median age of 38 suggests a mature community, with a mix of families and professionals who appreciate the suburb's quiet charm and accessibility.

The suburb is predominantly composed of family households, with 45% of families being couples with children and 38.5% being couples without children. This indicates a family-friendly environment, ideal for those looking to settle down in a supportive community. One-parent families make up 15.1% of the households, adding to the suburb's diversity and inclusivity.

In terms of property ownership, Higgins has a high rate of home ownership, with 31.2% of properties owned outright and 45.6% owned with a mortgage. This reflects a stable community with long-term residents who have invested in the area. The rental market is smaller, with only 23.2% of properties being rented, which may appeal to those looking for a more permanent residence. The median total household income of $2,248 per week suggests a relatively affluent community, with residents enjoying a comfortable standard of living.

Higgins infrastructure, key developments and investment opportunities

Higgins does not have any major new redevelopment or transport projects identified in the available information at this time. The suburb continues to appeal to buyers seeking established homes, larger blocks and convenient access to local shops and schools, which supports steady demand.

Its position within Belconnen also keeps it well connected to major employment, retail and education hubs, which remains a key drawcard for families and long-term owners. Overall, Higgins appears to be a stable, amenity-rich suburb rather than one being driven by a single large infrastructure change.

Higgins rental market trends

The rental market in Higgins shows house rents increasing by 4.8% over the past year to $650 per week. Units remain stable with no recorded changes. As Higgins continues to develop, the suburb offers opportunities for renters and investors looking for growth in a serene environment.

Suburbs near Higgins

Some popular suburbs near Higgins include:

How does Higgins compare to nearby suburbs?

  • Median house prices: Higgins’s median house price is 11.6% higher than Holt’s.
  • House price growth: Over the past 12 months, house prices in Higgins have grown 4.0% higher than in Scullin.
  • Selling speed for houses: Properties in Higgins are selling 34.8% faster than in Scullin.
  • House price growth: Over the past 12 months, house prices in Higgins have grown 16.3% lower than the average rate of growth across Canberra.
  • Unit price growth:Over the past 12 months, unit prices in Higgins have grown 42.8% higher than the average rate of growth for units across Canberra.

Common questions about Higgins

  • Is Higgins a nice place to live?

    Higgins is a charming suburb that offers a delightful blend of tranquility and convenience, making it a wonderful place to call home. With its peaceful residential atmosphere, Higgins is perfect for families seeking a supportive community environment. The suburb is known for its leafy streets and a mix of older homes alongside newer developments, catering to a variety of housing preferences. Its proximity to the Belconnen Town Centre ensures that residents have easy access to a range of amenities, including shopping centers, cafes, and recreational facilities, enhancing the overall livability of the area.

    The vibe in Higgins is one of community and comfort, with a strong emphasis on family-friendly living. The suburb is well-equipped with local schools and parks, providing ample opportunities for families to engage in outdoor activities and foster a sense of belonging. Safety is generally not a concern, contributing to the suburb's appeal for those with young children. While Higgins may not offer the bustling nightlife of a city center, its serene environment and close-knit community make it an ideal choice for those who value a quieter lifestyle.

    For families, Higgins presents a balanced lifestyle with the added benefit of being well-connected to Canberra's city center via public transport. However, one trade-off might be the lack of major new redevelopment projects, which means that while the suburb remains stable and amenity-rich, it may not experience the rapid growth seen in other areas. Nonetheless, for those seeking a stable, established community with convenient access to essential services and a peaceful suburban vibe, Higgins is a delightful choice.

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  • Is it expensive to live in Higgins?

    Living in Higgins, a suburb of Canberra, can be considered moderately expensive, especially when compared to the average wage in the ACT. The current median house price in Higgins is approximately $887,500. This figure is significant, particularly when you consider that the average wage in Canberra is about $95,000 per year. For those who are renting, the average rent for houses over the past year has been around $650 per week, which can also take a substantial portion of one's income.

    The median total household income in Higgins is $2,248 per week, which is relatively high and reflects the earning potential in the area. However, given the high property prices and rental costs, living in Higgins requires careful financial planning to ensure that housing expenses do not overwhelm your budget. While the suburb offers the benefits of living close to the amenities and opportunities of Canberra, it's important to weigh these advantages against the cost of living in this area.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Higgins a good place to invest?

    Higgins presents a stable investment opportunity, particularly for those seeking steady rental income. Over the past year, the suburb has seen a modest increase in median house values by 2.2%, indicating a steady market without the volatility seen in some other areas. While unit values have remained unchanged, the rental market for houses has experienced a healthy 4.8% growth, suggesting strong demand from tenants.

    For investors, Higgins offers a reliable environment with potential for consistent returns. The lack of change in unit values and rents might indicate a more stable market segment, appealing to those who prefer low-risk investments. The suburb's family-friendly atmosphere and community appeal make it attractive to long-term renters, which is a positive sign for those looking to invest in rental properties. Overall, Higgins is a solid choice for investors prioritizing stability and steady rental income over rapid capital growth.

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Choose the right real estate agents in Higgins

Choosing the right real estate agent in Higgins can have a big impact on your sale. While there are 31 real estate agents working in the suburb, but just 5 of them were responsible for 34.1% of all property sales over the past year, showing a strong footprint and track record in the area.

Commission rates typically range from 2.06% to 2.55%, depending on the agent and what’s included. Comparing both performance and fee structures can help you find someone who's well-suited to your needs, and set them up for a successful result.

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