Affordable suburbs: House prices under $600K

As it stands, there are approximately 60 per cent of buyers looking for properties in the $600,000 price range, with many looking to capitalise on securing a property before the ACT Government’s stamp duty abolition (for first home buyers) comes into effect on July 1. Real estate agents are anticipating that suburbs with a median house price under $600,00 will see a spike in demand.

Domain property data reveals that there are currently 17 suburbs in Canberra with a median house price under $600,000. There are nine suburbs in Tuggeranong, seven in Belconnen and one in Gungahlin.

The most affordable suburb in Canberra is Banks, where the median house price sits at $500,000 followed by north-side suburb, Macgregor which has the second-lowest median at $515,000 and coming in third is Ngunnawal in Gungahlin at $520,000.

Currently Canberra’s overall median house price stands at $738,933.

TUGGERANONG

Banks               $500,000

Theodore        $533,500

Kambah           $550,000

Gordon            $564,500

Isabella Plains $575,000

Condor            $580,000

Chisholm         $590,000

Wanniassa       $590,000

Calwell            $591,500

BELCONNEN

Macgregor      $515,000

Higgins            $550,000

Holt                 $550,000

Latham            $554,000

Dunlop            $580,000

Scullin              $583,750

Evatt                $595,000

GUNGAHLIN

Ngunnawal      $520,000