At number 1182th in the list of Australian suburbs ordered by increase in median house value over the last year, Waramanga, 2611 is in the top 30% with a property value increase of 3.74% recorded in median house prices.
Across a shorter period, Waramanga, 2611 has seen a median price increase of -2.16% over the last quarter.
At number 1290 in a list of fastest selling suburbs, Waramanga is in the TOP 40% of suburbs in Australia with an average of days on market 65.4516 for properties listed there.
Property investors should expect to get $530 weekly from the median priced house in this suburb.
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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.