Median house price: $1.38 million
YoY change: 40.1%
Median unit price: $535,000
YoY change: 7%
Clearance rate: 81%
Source: Australian Bureau of Statistics & Domain Group
Woden Valley has been revitalised in recent years, which has seen it not only become a modern and vibrant area, but in the past year, it has earned a place as one of Canberra’s premium regions alongside the Inner North and Inner South.
The region, established in the 1960s, was the first ‘satellite city’ of Canberra to be built.
Today, its heart is the Woden Town Centre, and thanks to the hip Bradley Street dining precinct, the area is now sought after by many property hunters.
It has a range of properties from modern townhouses and high-rise apartments to amazing hillside mansions; with the added benefits of established nature reserves nearby including Mount Taylor, Isaacs Ridge and Farrer Ridge.
“A lot of property hunters hoping to get into the Inner North or Inner South have been pushed towards Woden Valley. It’s the next best thing,” said Wayne Harriden of Independent Project Marketing.
“These days, there’s a range of residents living there from ambitious first-home buyers, investors and, of course, families who’ve been there for a number of years.
“And with the new CIT yet to be built, the expansion of the hospital and all the residential development going in, it’s a region that is going to be bustling with even more activity soon.”
Median sale prices in Woden Valley*
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*Suburbs with at least 50 sales in the 12 months to December, 2021.