If you’re looking to buy property in Canberra as a long-term investment, you’ll want to make sure you choose an area that’s likely to see positive growth over the coming years. In any city, the real estate market is dynamic and different suburbs rise and fall in popularity for various reasons. Some remain affordable for long periods of time, while others become hot markets that see rapid price increases. Seeing which areas are growing and expanding can be difficult if you’re not familiar with the local real estate market. However, by doing your research ahead of time, you can find the best suburb to invest in and get the most return on your investment. Read on for our top 5 recommendations for buying property in Canberra as well as why they’re great places to live!
Dickson, Canberra
Dickson, in the Inner South, is one of the fastest-growing suburbs in Canberra. Dickson was once a small farming community, but now, it’s one of the most popular suburbs in Canberra, thanks to its affordability and high-rise apartments. This suburb is ideal for young professionals and families alike, thanks to its close proximity to the University of Canberra and the Australian National University. You’ll find a number of new developments in this area, as well as large parks, making it a great choice for families. Dickson is also home to Woden Town Centre, which is one of Canberra’s most popular shopping districts. If you’re looking to invest in property in Canberra, Dickson is the ideal suburb thanks to its proximity to a number of amenities and public transport. Dickson is also located close to Capital Metro, Canberra’s newest light rail project. This makes it a great place to buy property if you’re hoping to rent out a room to a nearby student in the future. Dickson has seen rapid population growth in recent years, and there’s no sign of this slowing down anytime soon.
Tuggeranong, Canberra
Tuggeranong, in Canberra’s Inner South, is another great option for investors. This area is known for its large parks and expansive green spaces, making it ideal for families or retirees. Tuggeranong is also home to a number of large shopping centers, making it an ideal place to live if you want to be close to amenities. This suburb is also close to a number of large employment hubs, making it a great place to live if you want to commute to work. Tuggeranong is close to the Woden and Tuggeranong Roundabouts, making it easy to get around the city. This suburb has seen a lot of growth recently, making it an ideal place to invest in real estate. If you’re looking to buy property in Tuggeranong, make sure you keep an eye out for large-scale developments. Tuggeranong is home to a number of large, high-rise developments, making it a great choice for young professionals and investors alike. This suburb is also close to the Woden Town Centre, making it easy to get around the city.
Turner, Canberra
Turner, also in the Inner South, is another great option for investors. This suburb is known for its large parks and expansive green spaces, making it ideal for families and retirees. Turner is also home to a number of large shopping centers, making it an ideal place to live if you want to be close to amenities. This suburb is also close to a number of large employment hubs, making it a great place to live if you want to commute to work. Turner is close to the Woden and Tuggeranong Roundabouts, making it easy to get around the city. This suburb has seen a lot of growth recently, making it an ideal place to invest in real estate. If you’re looking to buy property in Turner, make sure you keep an eye out for large-scale developments. Many of the new developments in this area are high-rise, making it a great choice for young professionals and investors alike.
Weston, Canberra
Weston, in Canberra’s Inner South, is another great suburb for investors. This area is known for its large parks and expansive green spaces, making it ideal for families and retirees. If you’re looking for a place to live near the city with affordable real estate, Weston is a great option. This suburb is close to a number of large employment hubs, making it a great place to live if you want to commute to work. Weston is close to the Woden and Tuggeranong Roundabouts, making it easy to get around the city. This suburb has seen a lot of growth recently, making it an ideal place to invest in real estate. If you’re looking to buy property in Weston, make sure you keep an eye out for large-scale developments. Many of the new developments in this area are high-rise, making it a great choice for young professionals and investors alike.
Mawson, Canberra
Mawson, located in Canberra’s Inner South, is another great option for investors. This area is known for its large parks and expansive green spaces, making it ideal for families and retirees. Mawson is also home to a number of large shopping centers, making it an ideal place to live if you want to be close to amenities. This suburb is also close to a number of large employment hubs, making it a great place to live if you want to commute to work. Mawson is close to the Woden and Tuggeranong Roundabouts, making it easy to get around the city. This suburb has seen a lot of growth recently, making it an ideal place to invest in real estate. If you’re looking to buy property in Mawson, make sure you keep an eye out for large-scale developments. Many of the new developments in this area are high-rise, making it a great choice for young professionals and investors alike.
Conclusion
Choosing the best suburb to invest in can be a daunting task, especially if you don’t know where to begin. Luckily, you don’t have to start from scratch. By reading through this article, you’ll be better prepared to make an informed decision about which area is best for you. There are many great suburbs in Canberra, and you’re sure to find one that meets your needs. Whether you’re looking for a place close to the city with many amenities nearby, or a quieter suburb with affordable real estate, you’re sure to find a great fit.