Question 1

Is Taylor a nice place to live?

Accepted Answer

Taylor is a relatively new, family-focused suburb in Canberra’s Gungahlin district. Contemporary brick-and-render houses, terraces and townhouse clusters sit on curving, tree-planted streets, and the layout centres on neighbourhood parks, playgrounds and shared walking and cycling paths. Residents use nearby Gungahlin Town Centre for supermarkets, cafes and services and have straightforward access to public transport including the Gungahlin light rail.

The community of 2,220 people has a median age of 30 and is weighted towards couple families with children, while most homes are owner-occupied (74.8%). Local schooling includes Margaret Hendry School and the North Gungahlin secondary campus, Aunty Agnes Shea High School. Projects planned or underway for the area include a North Gungahlin health centre, an expanded Taylor District Playing Fields with synthetic fields and a new pavilion with female-friendly changerooms, local bus services, and 49 new affordable homes. Whether Taylor suits you comes down to what you need from a modern suburban base close to Gungahlin’s centre.

Question 2

Is it expensive to live in Taylor?

Accepted Answer

Rents in Taylor take a moderate share of a typical local household's income at the last Census. A house rent of $700 a week is about 26.4% of a household income of $2,655 a week, and a unit rent of $600 a week is about 22.6% of that income. If you're renting rather than buying, those rent shares are the most directly relevant numbers.

Buying shows a split picture. The median house price of $796,250 is about 5.8 times a typical local annual household income at the last Census, which sits somewhat above local incomes, while the median unit price of $520,000 is about 3.8 times that annual income, which is relatively affordable against local incomes.

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 Taylor a good place to invest?

Accepted Answer

Over the past year in Taylor, house and unit prices fell while rents moved higher. House values declined 6.7% and house rents rose a modest 2.2%. Units saw a sharp fall in value, down 14.6%, while unit rents climbed a solid 9.1%.

Put simply, the figures show negative capital movement for both houses and units over the year, while rental income increased — most strongly on the unit side. If rental income is the priority, the 9.1% rise in unit rents is the most relevant number; if capital growth matters, both value figures were down this year. What that means for you depends 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	$796K	$520K
Change in value Past 12 months	-6.7%	-14.6%
Sold Past 3 months	42	11
Median days on market Past 12 months	54	62
Average rent Past 12 months	$700	$600
Change in rent Past 12 months	2.2%	9.1%

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