Chifley ACT 2606: Property Market Report & Real Estate Insights

Part of Unincorporated ACT, ACT

Chifley Real Estate Market Outlook

Thinking about buying in Chifley? Now could not be a better time, with 1596 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,107,000 with prices in this suburb ranging from $76,000 to $5,030,000. The approximate distance to the coast is 106 Km.

Living in Chifley

Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Chifley are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Chifley classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Chifley requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

Chifley, located in the Unincorporated ACT region of the Australian Capital Territory, offers a distinct and appealing blend of suburban tranquility and urban convenience. The housing market in Chifley is characterized by a mixture of well-established homes, many dating back to the mid-20th century, alongside newer developments. This variety provides potential homeowners with a range of architectural styles and property sizes, catering to diverse preferences. Recently, the market has seen steady demand driven by its desirable location and the ongoing growth of Canberra's metropolitan area. Property values in Chifley have shown resilience and gradual appreciation, reflecting broader trends in the ACT housing market where stability and steady growth have been prominent. Additionally, the area has become attractive to investors and homebuyers alike due to its proximity to major employment hubs and educational institutions, coupled with a warm community atmosphere.

Living in Chifley offers residents the best of both worlds: the peacefulness of suburban life alongside easy access to urban amenities. The suburb is well-connected with public transport options and major roads, making commutes to Canberra's city center efficient for professionals and students. Chifley is surrounded by lush parks and green spaces, such as the popular Mount Taylor Nature Reserve, which provides excellent opportunities for outdoor activities like hiking, cycling, and picnicking. The community is known for its friendly and inclusive spirit, with local events and markets that foster a strong neighborhood connection. Families benefit from local schools and child-friendly facilities, while the nearby Woden Town Centre offers a wide range of shopping, dining, and entertainment options. In essence, Chifley provides a welcoming environment that balances the hustle and bustle of city life with a serene, community-oriented lifestyle.

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