ACT PPoR in Canberra with good capital prospects

Hi all,

Which suburbs in Canberra would be people's choice to purchase a PPoR with good capital potential with a max budget of 510k?

 

With $510k you'll need to look at Tuggeranong and Belconnen suburbs.

Personally - if looking at Tuggers I'd consider Calwell, Gowrie and Monash but I'm not sure if your budget would cover these areas.

There's also some good suburbs in Belconnen - maybe look into Page and Florey.

Lifestyle factors also come into play such as where your work, where your friends/family are located.

Cheers

Jamie

 

I think you'll need to stretch your budget to ~550k if you can as that will give you a better selection to choose from

 

Thanks @Jamie Moore and @Cimbom. I was scoping around outer suburbs like MacGregor and Ngunnawal as those areas are within my budget. Which of those two would be better long term investments? I just don't think there's little growth in the south as compared to suburbs up north like the Belconnen and Gunghalin.

Also, If I were to go to 550k what areas would you say should be at the top of my list to look at and why?

 

Oops, I meant I feel there's little growth in the Tuggeranong area*

 

In the census Tuggeranong was the only part of Canberra actually declining in population, so I think growth prospects there are slim for now. You might be able to find somewhere in outer Belconnen for that price.

 

I'd go with MacGregor and Ngunnawal would both be good as there may still be some uplift left from new MacGregor and new Ngunnawal areas. I prefer MacGregor but then prefer Belco...

 

Kassy - I'd try the Belconnen area say Dunlop or maybe even Charnwood.
Charny didn't have the best reputation but is becoming more upmarket at a reasonable entry point

 

I think central Belconnen around Page/Florey/Scullin/etc will continue to do well due to their proximity to jobs and amenities

 

Agree, some areas of Charny are expensive though for the state of the house and size of land. Fraser, Melba, Flynn can have bargains if you look for them with big blocks. Nice views and houses in each near Mt Rogers...

 

a lot less options now than say 12 months ago, for 500k, in belco

Page/Florey/Scullin barely anything recently sold under 500k (aside from a battleaxe block or 2)
Evatt has a few on 500 sqm etc. or something like this
maybe Latham (eg like this)
or flynn or higgers etc etc

550k would be a better budget and should be able to get something closer in and in a better area than charnwood etc.

 

Same - that's where I'd be looking. Close to the mall and office buildings

Cheers

Jamie

 

Units on Springvale Drive Hawker are great investment opportunities at the moment.