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Belconnen claims top suburb in back to back win

By Ben Faulks

Belconnen has once again claimed the title for most searched suburb in ACT, showing continued high demand for property in the area, according to realestate.com.au.

The property site’s quarterly Top Sellers’ Markets reveal that the following ten ACT suburbs have the most people looking per listing:
1. Belconnen
2. Griffith
3. Bonner
4. O’Connor
5. Watson
6. Macgregor
7. Bruce
8. Nicholls
9. Franklin
10. Ngunnawal

Along with back to back winner Belconnen, more than half of the suburbs from last quarter feature this quarter: Griffith, Bonner, Watson, Macgregor, Franklin and Ngunnawal – showing continued
interest in these areas. Notably, Narrabundah has dropped off the list this quarter featuring in the last quarter and also last year.

Ben Faulks, Selling Principal at Ray White Belconnen says Belconnen’s affordability and infrastructure are the key factors keeping property seekers interested in this area. “There’s a lot of value in this area which means you can buy a decent sized block of land for a great price. There’s also a large number of new high rise apartments being built here, creating a lot of opportunities for people hoping to move to this area,” Mr Faulks said.

Belconnen offers numerous attractions and amenities that suit the lifestyle of young families including the renovated Westfield Shopping Centre, Lake Ginninderra, updated public transport infrastructure and hospitals.

“Belconnen is one of two areas that have a public and private hospital which provides more of a choice for young families. Being close to the University of Canberra, there is also a lot more employment opportunities in this area. People are looking at Belconnen to grow their business,” Mr Faulks continued.

realestate.com.au’s ACT Sales Manager Jim Harris says that a position in the Top Sellers’ Markets is favourable to sellers as it highlights increased buyer interest in the suburb.

“If a suburb is consistently featuring on the Top Sellers’ Markets list, it shows that buyers are determined to find a property in this area and are always checking the site to see if a listing has come up. This is great news for sellers as it means that there will be a high number of people interested in buying their property once it goes on the market,” Mr Harris said.

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