Question 1

Is Latham a nice place to live?

Accepted Answer

Latham is a quiet, established suburb in Belconnen with tree-lined streets and mature gardens. The housing is mainly detached single-storey homes from earlier decades alongside renovated houses and some newer infill, and the area attracts families, professionals and people looking to downsize in a low-key setting. Neighbourhood life centres on small local shops and nearby parks and playing fields, with walking trails and open reserves close by and easy access to Lake Ginninderra and Belconnen's larger retail and community facilities. Regular bus services and nearby arterial roads keep the suburb well connected to the rest of Canberra.

About 3,767 people live in Latham, the median age is 38 and the median household income is $2,125 a week (roughly $110,500 a year). Families make up the bulk of households and around four in five homes are owner-occupied while 21.4% are rented. Local investment is under way or planned at Latham Primary School, the Latham Playing Fields and in active-transport and park projects around Umbagong District Park, which contains the heritage-listed grinding grooves. That combination will appeal to people looking for an established suburb with nearby schools, parks and improving local connections.

Question 2

Is it expensive to live in Latham?

Accepted Answer

House costs in Latham sit ahead of local incomes at the last Census. With a median house price of $821,000, buying a house works out to about 7.4 times a typical local household's annual income as recorded at the most recent Census, which places buying well above what people locally earned then. Renting a house at around $670 a week would take roughly 31.5% of a typical local household's weekly income at the last Census, a sizeable share, so renting also represents a significant slice of that benchmark income.

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 Latham a good place to invest?

Accepted Answer

House values in Latham rose a moderate 4.9% over the past 12 months, while house rents increased a modest 3.1% in the same period. That means capital growth has been the stronger performer for houses this year; if rental income is your priority, the rent movement is the figure to focus on. Whether that balance suits 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	$821K	N/A
Change in value Past 12 months	4.9%	N/A
Sold Past 3 months	15	N/A
Median days on market Past 12 months	31	N/A
Average rent Past 12 months	$670	N/A
Change in rent Past 12 months	3.1%	N/A

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