Question 1

Is Theodore a nice place to live?

Accepted Answer

Theodore is a quiet, mainly residential suburb in Canberra’s southern Tuggeranong, made up largely of low-rise, single-storey brick homes and settled streets. It appeals to families and to people after a settled suburban lifestyle, with parks, playgrounds and green corridors for walking and cycling, while everyday shopping and services are close by at the Tuggeranong Town Centre. Regular bus links connect the suburb to the town centre and the wider city, and local schools and community facilities are within easy reach.

About 3,798 people live in Theodore, with a median age of 36 and a median household income of $2,588 a week (roughly $134,600 a year). Families are the dominant household type and most homes are owner-occupied (82.0%), which helps explain its settled character. The suburb is part of a series of transport and active-travel upgrades, and there are local school improvements under way at Theodore Primary School. Whether it suits you depends on whether you want a calm, practical neighbourhood with easy access to open space and nearby amenities.

Question 2

Is it expensive to live in Theodore?

Accepted Answer

On the figures, renting and buying tell different stories in Theodore. A house rent of $655 a week would take about 25.3% of a typical local household's weekly income at the last Census (655 ÷ $2,588), which is a moderate share of income.

Buying sits further from local incomes: a median house price of $890,000 is about 6.6 times a typical local annual household income at the last Census ($890,000 ÷ ($2,588 × 52)), which sits well above local incomes. On these figures renting looks the less stretched option compared with buying, though whether that feels expensive depends on your own income and circumstances.

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 Theodore a good place to invest?

Accepted Answer

If you’re weighing up Theodore as an investment, the house side showed both capital growth and income growth over the past year: median house values rose 5.0% while house rents increased 5.1%. Rents have edged slightly ahead of values, so over the 12 months the rent a house earns grew by a marginally larger amount than the property’s price. Whether that balance suits your goals depends on whether you prioritise rental income or capital growth and on your own 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	$890K	N/A
Change in value Past 12 months	5.0%	N/A
Sold Past 3 months	15	N/A
Median days on market Past 12 months	28	N/A
Average rent Past 12 months	$655	N/A
Change in rent Past 12 months	5.1%	N/A

Get a property report and suburb profile for any property in Theodore

Theodore suburb profile

Theodore property market performance

5 year median price trend for houses and units

Theodore demographics

Suburbs near Theodore

How does Theodore compare to nearby suburbs?

Choose the right real estate agents in Theodore

Get a head start and compare top local agents in Theodore

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market