ACT has seen average median house prices change by 4.46% which means that Waramanga, 2611 has done well for property investors by showing a capital gain of 11.22% over the last year
Across a shorter period, Waramanga, 2611 has seen a median price increase of 7.48% over the last quarter.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.62% offered to property buyers. Sellers in Waramanga itself are offering an average vendor discount of -1.82% to real estate investors.
Established in the 1960s and named after the Warumungu people, an Aboriginal tribe in Central Australia, this suburb is home to a relatively small population of around 2,700Full summary
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Affordable suburb enhanced by state growth
Median house price: $669,000
Stock on market: 0.0%
12-month growth: 17.3%
Established in the 1960s and named after the Warumungu people, an Aboriginal tribe in Central Australia, this suburb is home to a relatively small population of around 2,700.
Waramanga is one of the more affordable suburbs in the ACT, with a median house price of $677,000, after growth of 18.8% over the last 12 months. Situated 15 minutes’ drive from Canberra, the suburb is close to popular attractions such as the Royal Australian Mint, the National Zoo and Aquarium, the Museum of Australia and the National Library.
Surrounded by numerous nature reserves, such as Cooleman Ridge, Mount Taylor and Oakley Hill, as well as plenty of schools, colleges, churches, a hospital, a medical centre and a popular shopping mall, Waramanga is popular with families, and for those looking to rent, houses are more sought after than apartments.Close