Question 1

Is Waramanga a nice place to live?

Accepted Answer

Waramanga is a mature, predominantly residential suburb in Canberra’s Weston Creek with tree-lined streets and mostly single-storey postwar brick homes. Many blocks have roomy gardens and owners often modernise or extend the original houses, so the streets show a mix of period character and contemporary renovations. Daily life centres on a small local shopping strip and community facilities, with regular bus links to nearby town centres and the city, easy access to major arterial roads, and plenty of nearby reserves and parks for walking and cycling. That combination makes Waramanga appealing to families and long-term residents seeking a quiet suburban lifestyle.

The community has 2,785 people and a median age of 38, with typical household incomes around $2,247 a week. Most homes are owner-occupied (71.8%) while 28.1% are rented. Waramanga is included in the ACT Government’s Path Network Improvements program, which lists a new asphalt path and a short pedestrian link from the local shops, and the Education Directorate has awarded a contract for playground softfall at Waramanga Preschool, adding to local walking connections and play facilities.

Question 2

Is it expensive to live in Waramanga?

Accepted Answer

Renting a house in Waramanga currently runs to about $650 a week. Against a typical local household income of $2,247 a week as recorded at the most recent Census, that rent would take roughly 29% of a household's weekly income, which sits in the moderate range (around the commonly used 30% marker). For people looking to rent, that rent share is the most relevant figure to consider; whether it feels expensive will depend 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 Waramanga a good place to invest?

Accepted Answer

House values in Waramanga rose 8.6% over the past 12 months, a solid increase, while the rent houses earn fell 3.0% over the same period, a modest decline. Put another way, the past year showed capital growth on the house side rather than growth in rental income. If rental yield is your main concern, that drop in house rents is the figure that matters; if you are more focused on capital gains, the price rise is the key movement.

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	N/A	N/A
Change in value Past 12 months	8.6%	N/A
Sold Past 3 months	9	N/A
Median days on market Past 12 months	36	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	-3.0%	N/A

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