Question 1

Is Wanniassa a nice place to live?

Accepted Answer

Wanniassa feels like an established, quieter suburb in Canberra’s southern Tuggeranong district, with leafy streets, backyard gardens, local ovals and playgrounds. It appeals to families and long-term residents, with a mix of single-storey brick and timber homes, pockets of townhouses and some newer infill. A small shopping strip covers everyday needs, larger retail is close by, regular bus services link to Tuggeranong and the city, and nearby reserves and walking trails provide outdoor recreation.

About 7,885 people live in Wanniassa; the median age is 39 and the median household income $2,295 a week. The suburb is weighted towards couple families and is predominantly owner-occupied (36.6% owned outright, 42.1% with a mortgage), with around one in five households rented. Several local projects are under way, including a new neighbourhood playground, school modernisation works, pavilion upgrades at the district playing fields, public-space improvements at Erindale Group Centre and a road duplication affecting the area. Whether it suits you will come down to the quieter suburban rhythm and the local amenities you value.

Question 2

Is it expensive to live in Wanniassa?

Accepted Answer

In Wanniassa, renting a house at about $670 a week would take roughly 29.2% of a typical local household's weekly income at the last Census, a moderate share of income.

The median house price of $890,000 works out to about 7.5 times a typical local annual household income at the last Census, which places buying well above local incomes. On these figures, buying looks more stretched against local incomes than renting does, and 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 Wanniassa a good place to invest?

Accepted Answer

Over the past 12 months house values in Wanniassa rose 5.2%, a solid gain, while house rents increased 1.5%, a slight rise. On the figures available, capital growth has been the stronger performer this year for houses in Wanniassa, whereas rental income has edged up more modestly. Which of those matters more to you will depend on your own investment 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	$890K	N/A
Change in value Past 12 months	5.2%	N/A
Sold Past 3 months	22	1
Median days on market Past 12 months	35	N/A
Average rent Past 12 months	$670	N/A
Change in rent Past 12 months	1.5%	N/A

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