What's for sale in Canberra's entry-level suburbs

Domain’s latest 2018 First Home Buyers Report shows it takes first-home buyers on a dual income almost five years to save up a 20 per cent deposit for a house and more than three years for a unit.

The overall entry-level price for a home in Canberra is calculated at $542,000 and $364,000 for units.

While Canberra is proving to be increasingly difficult for first-home buyers, there are some suburbs across the nation’s capital with entry-level prices that offer some respite. 

Entry-level suburbs for houses

The top 10 most affordable suburbs for first-home buyers are mostly located within Belconnen and Tuggeranong, with one Gungahlin suburb (Ngunnawal) featured in the list.*

Holt

9 Scobie Place

$390,000+

Holt entry-level house price: $410,500

Time to save a 20 per cent deposit: 3.67 years

This two-bedroom home features a large lounge and dining room with a private covered entertaining area. The bedrooms are spacious and the bathroom has been recently renovated.

Agent: Blewitt Properties, Brenden Blewitt, 0419 289 574

Macgregor 

5/43 Kirkland Circuit

$385,000+

Macgregor entry-level house price: $450,000

Time to save a 20 per cent deposit: 4 years

A freshly renovated two-bedroom townhouse is a fantastic entry-level opportunity. Features include a functional floor plan with split bedrooms, laminate timber flooring, reverse-cycle air conditioning and established private gardens.

Agent: Independent Property Group Gungahlin, Andrew Potts, 0404 895 162

Ngunnawal

4/16 Minnta Place

$419,600

Ngunnawal entry-level house price: $450,000

Time to save a 20 per cent deposit: 4 years

This three-bedroom Ngunnawal townhouse is in need of a new owner as soon as possible, as the sellers are transferring interstate. Features include an open-plan living area, split-systems heating and cooling and a large covered outdoor entertaining area.

Agent: LJ Hooker Belconnen, George Vlandis, 0437 398 774

Gordon

11/11 Togo Place

$440,000+

Gordon entry-level house price: $455,000

Time to save a 20 per cent deposit: 4.08 years

This three-bedroom townhouse overlooks Point Hut pond and offers the best in comfortable living. It has a sunny aspect and is low maintenance

Agent: Peter Blackshaw Real Estate Tuggeranong, Robert Peaker and Ivan Tasic, 0412 726 025 and 0412 604 006

Kambah

18 Stanfield Close

$440,000

Kambah entry-level house price: $475,000

Time to save a 20 per cent deposit: 4.25 years

This quaint three-bedroom Kambah home is light and airy throughout. Features include open-plan living, pergola and a storage unit in the garage.

Agent: LJ Hooker Woden, Dan Cooper, 0412 773 938

Entry-level suburbs for units

In the unit market, there’s a more even spread across the territory in the top 10 most affordable suburbs for first-home buyers. However, both Belconnen and Woden feature three times in the list.

Curtin

7/2 Walsh Place

$230,000

Curtin entry-level unit price: $230,000

Time to save a 20 per cent deposit: 2.08 years

Situated across from the Curtin shops, this one-bedroom Curtin apartment offers a great opportunity for first-home buyers. It’s north facing and flooded with natural light.

Agent: Hayman Partners, Martin Faux & Brett Hayman

Hawker

21/26 Springvale Drive

$210,000

Hawker entry-level unit price: $210,000

Time to save a 20 per cent deposit: 2.17 years

This one-bedroom apartment is close to the Hawker shops. It’s been freshly painted with a new kitchen and upgraded bathroom.

Agent: Dwyer Dunn Property Consultants, Jo Maxwell, 0412 149 513

Holt

11/68 Hardwick Crescent

$240,000+

Holt entry-level unit price: $295,000

Time to save a 20 per cent deposit: 2.67 years

Positioned in the Kippax Fair shopping precinct, this one-bedroom Holt unit offers open plan living and a separate study.

Agent: Luton Properties Gungahlin, Nick Paine and Lauren Cribb, 0421 794 404 and 0410 647 969

Mawson

18/4 Wilkins Street

$269,000+

Mawson entry-level unit price: $299,000

Time to save a 20 per cent deposit: 2.67 years

This two-bedroom Mawson unit is a low maintenance option for first-home buyers and is ideally located as it is a short stroll to Mawson shops.

Agent: McGrath Estate Agents Woden, Benjamin James, 0448 445 841

Greenway (also pictured as main feature image) 

203/ 142 Anketell Street

$300,000

Greenway entry-level unit price: $304,900

Time to save a 20 per cent deposit: 2.75 years

Set in the heart of Tuggeranong, location is second-to-none at this one-bedroom apartment. Features include quality kitchen appliances, European laundry and a covered entertainment balcony.

Agent: Luton Properties Tuggeranong, Andrea McCann, 0435 860 723

*Only suburbs with listings lower than the entry-level price feature in the list and only homes with a price guide on their Allhomes listing were included in the list.