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Throsby suburb profile

Throsby is a modern and rapidly developing suburb in the Gungahlin district of Canberra, ACT. Known for its family-friendly environment and sustainable living initiatives, Throsby offers a blend of contemporary housing and natural beauty. The suburb is surrounded by nature reserves, providing ample opportunities for outdoor activities and wildlife observation. With its proximity to Gungahlin Town Centre, residents enjoy convenient access to shopping, dining, and essential services. Throsby's commitment to environmental sustainability and community-focused design makes it an attractive choice for families and individuals seeking a balanced lifestyle in the nation's capital.

Throsby property market performance

Throsby's property market has remained stable over the past 12 months, with no change in the median house value, which currently stands at $911,000. The suburb has not seen any unit sales or changes in unit values, indicating a focus on the housing market. Over the past three months, 22 houses were sold, with properties spending a median of 57 days on the market, suggesting a moderate pace of sales activity.

The rental market in Throsby has seen a slight increase, with average rent for houses rising by 1.4% over the last 12 months to $750. There is no data available for unit rentals, reinforcing the suburb's emphasis on houses rather than units.

HousesUnits
Median price
Past 3 months
$911KN/A
Change in value
Past 12 months
-1.9%N/A
Sold
Past 3 months
22N/A
Median days on market
Past 12 months
57N/A
Average rent
Past 12 months
$750N/A
Change in rent
Past 12 months
1.4%N/A

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Throsby infrastructure, key developments and investment opportunities

Throsby is a relatively new suburb in the Gungahlin district, with ongoing residential development adding modern townhouses and family homes, which is gradually increasing local housing supply and supporting a contemporary streetscape.[1][5] The suburb benefits from direct access to major arterials such as Horse Park Drive and the nearby Federal Highway, improving connectivity to key employment and retail hubs and underpinning buyer appeal for commuters.[5]

The opening of Throsby School on Freshwater Street has strengthened the suburb’s education offering, making it more attractive to young families and likely supporting sustained demand for detached homes and larger townhouses.[3][8] Proximity to the Goorooyarroo nature reserve and other green spaces provides strong lifestyle amenity, with walking and cycling trails that enhance livability and support interest from owner-occupiers seeking access to natural environments close to the city.[5]

Throsby rental market trends

The rental market in Throsby has experienced modest growth, with house rents increasing by 1.4% over the past year to $750 per week. There is no data available for unit rents, indicating a potential lack of unit rental properties in the area. Throsby remains a stable option for renters seeking houses in a suburban setting.

Suburbs near Throsby

Some popular suburbs near Throsby include:

Common questions about Throsby

  • Is Throsby a nice place to live?

    Throsby is a delightful suburb that offers a harmonious blend of modern living and natural beauty, making it a wonderful place to call home. Nestled in the Gungahlin district, Throsby is characterized by its peaceful atmosphere and a strong sense of community, which is particularly appealing to families. The suburb is surrounded by lush nature reserves, providing residents with ample opportunities to enjoy outdoor activities such as walking and cycling, all while being close to the conveniences of urban life.

    Living in Throsby means having easy access to a range of amenities, with the Gungahlin Town Centre just a short drive away. This proximity ensures that residents can enjoy a variety of shopping, dining, and essential services without having to venture far from home. The suburb's commitment to sustainability and community-focused design further enhances its appeal, creating a welcoming environment for both families and individuals seeking a balanced lifestyle.

    While Throsby offers many advantages, there are a few trade-offs to consider. As a newer suburb, ongoing development may mean occasional construction noise and changes in the landscape. Additionally, while the suburb is well-connected to major arterials, commuting to the city center can take some time during peak hours. However, these minor inconveniences are often outweighed by the suburb's family-friendly vibe, excellent educational facilities, and access to beautiful green spaces.

    Overall, Throsby is a charming suburb that provides a high quality of life for its residents. With its modern housing options, strong community spirit, and commitment to sustainability, it is an attractive choice for families and individuals looking to enjoy the best of both urban and natural environments.

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  • Is it expensive to live in Throsby?

    Living in Throsby can be considered on the pricier side, especially when you look at the housing market. The current median house price is around $911,000, which is quite substantial. Renting isn't exactly cheap either, with the average rent for houses sitting at $750 per week. It’s important to note that there are currently no units available, which limits more affordable housing options.

    When you compare this to the average full-time wage in Canberra, which is about $115,000 per year, you can see that a significant portion of one's income would go towards housing costs in Throsby. This makes it a bit challenging for those earning the average wage to comfortably afford living in this suburb without stretching their budget.

    Overall, while Throsby offers the benefits of living in Canberra with its amenities and lifestyle, the cost of living, particularly in terms of housing, makes it a more expensive choice. If you are thinking of living in Throsby, it's essential to consider your financial situation and ensure that it aligns with the costs associated with residing 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 Throsby a good place to invest?

    Throsby presents a unique investment opportunity, particularly for those seeking stability in their property portfolio. Over the past year, the median house and unit values have remained steady, indicating a stable market that hasn't experienced the volatility seen in other areas. This stability can be appealing for investors who prefer a predictable market environment.

    While the growth in property values has been flat, the rental market in Throsby shows a slight upward trend, with house rents increasing by 1.4% over the last year. This suggests a steady demand for rental properties, which can provide a reliable income stream for investors. The suburb's family-friendly atmosphere and modern amenities make it an attractive place for renters, particularly those looking for a peaceful community with easy access to Canberra's city center.

    Overall, Throsby may not offer rapid capital growth, but its stable property values and modest rental income growth make it a solid choice for investors seeking a low-risk, steady investment. The suburb's appeal to families and its convenient location continue to support its potential as a reliable investment destination.

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