Is Belconnen a good suburb?
Affordable, peaceful, and well-organized suburban lifestyle sprinkled with good food and nightlife – this is all about Belconnen. One of the most underrated suburbs to live near the City for independent youth and young couples. It is an ideal combination of action and peace.
Belconnen is a popular choice for young people and families working in Canberra and looking for a budget-friendly residential area to live in stuffed with all needed healthcare, educational and recreational facilities.
Real estate in Belconnen is also a profitable long-term investment strategy for property owners as the majority of the suburb properties are rentals with a 4.23% annual increase in rental yield. To find out more, ask us.
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Belconnen Real Estate Overview
The Real Estate market in Belconnen is the ideal option to find affordable apartments and houses for sale, and a strategic decision to make while investing into apartments or units as 70% of property for sale in Belconnen are apartment complexes.
The median house price in Belconnen is $600,000 and the median unit price over the last year is $440,000, which is almost 2 times cheaper than similar properties in Canberra City. Over the last five years of sales, Belconnen houses sales experienced a growth of 8.6%.
The average rent in Belconnen is $490 PW for apartments with an annual rental yield of 4.2% and $470 PW for units with a rental yield of 5.6%.
Real estate in Belconnen and ACT, in general, has a very high clearance rate for units – almost 70% of the market are sold prior to the auction or stay on the market for 70 to 160 days maximum. RK Property real estate experts claim that the demand remains stable which makes the buying or selling process quite predictable.
RK Property Partners are your local Belconnen Real Estate Agents
The major benefit of living in Belconnen is that you’re only 7 km away from all of Canberra’s infrastructure, but your accommodation expenses are almost 2 times less. This explains a very high rate of clearance on the Belconnen property market and stable demand. To achieve the best results buying or selling homes in Belconnen you can always contact RK Property Partners.
Our team is deeply rooted in Belconnen and Canberra’s community. One of our offices is in Belconnen and our team members have lived and worked in the area for more than 50 years combined. Over the years of experience, we became local experts and gained priceless contacts to offer you on and off-market deals.
Benefits of living in Belconnen:
- Shopping: Westfield shopping mall, Belconnen Fresh Food Markets, and more options to eat out and shop
- Leisure & Sports: Belconnen is a small suburb and almost a third of it is covered by 33 parks, including Lake Ginninderra and John Knight
- Memorial Park – popular spots for picnics and jogging. Add a beautiful view of the Brindabella Range.
- Proximity to major federal, business, sport and educational institutions: only 7 km to Canberra City. Belconnen itself has a lot of schools, 3 main colleges and all key medical facilities, which makes it a great choice for young families with kids.
- Like Canberra, Belconnen’s urban development is well-planned and highly organized with great public transportation.
- 60% of Belconnen’s inhabitants are between 20 and 39 years old, most of the young people do not have children and have full-time professional occupations.
Contact us if you have any questions about the Belconnen property market or would like to find out if this suburb is a good match for your family.
Sell My Home in Belconnen
Belconnen’s real estate market is stable and very attractive to investors – it may be the right time for you to sell your house. If you’re planning to sell your house or apartment in Belconnen, RK Property Partners are ready to help you.
Our team implements transparent and effective marketing strategies polished over 50 years of selling properties in Belconnen. We are ready to share our knowledge: please, use our free Sellers Guide or directly contact us to get a free appraisal and in-depth personalized report for your property.
We are openly sharing our results and you can check all sold properties by RK Property Partners to have an idea about average prices and our work.
Buy A Home in Belconnen
If you’re looking for a place to buy a home, being a first-home buyer or an investor, Belconnen should be on your shortlist. This area is one of the most affordable suburbs to buy property, yet being so close to Canberra. Check our active listings for houses and apartments.
The median prices range from $400,000 to $600,000 for units and houses – extremely budget-friendly compared to neighbouring suburbs, beating value records for the last 2 years.
To get ready for buying a house in Belconnen, download our Free Buyer’s Guide or contact us directly.
Property Management in Belconnen
Belconnen is among the few suburbs in the ACT that offer the best value for property investors with the lowest median prices. Do not be blinded by lower prices, property investment entails a lot of legal and financial aspects which are better to navigate with a local real estate expert team.
The current vacancy rate in Belconnen is around 1% and our RK Property management team in Belconnen is ready to help you find a good place to invest, rent or take care of all property management services complex for you.
If you have rental properties, download our free Landlord’s Guide or contact us to find out your investment and property management opportunities.
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Free Property & Market Appraisals
Thinking of selling? We’ll appraise your property for free, based on current marketing conditions and buyer demand. RK Property Partners home appraisals are extensive and personalised, and have proven to be invaluable resources for our clients when selling their home.
