The Canberra suburb with more than 30% growth

Through light rail, residential, Government and corporate offices, and an exciting dining precinct, DKSN will keep the inner North booming.

Ainslie’s median house price has jumped 32.6 per cent over the last year to $1.16 million, according to Domain Group data.

Over the same period, Canberra’s overall house price has grown by 4 per cent, sitting at a median of $740,215.

Among suburbs with more than 50 sales in the past 12 months, Palmerston and O’Connor also recorded strong growth in house prices, up 21.4 per cent and 19.6 per cent respectively.

Narrabundah’s median house price has increased 13.5 per cent, defying falling prices in the Inner South.

While house price growth is slowing in Canberra, one inner-city suburb is blowing the competition away.

Ainslie’s median house price has jumped 32.6 per cent over the last year to $1.16 million, according to Domain Group data.

Over the same period, Canberra’s overall house price has grown by 4 per cent, sitting at a median of $740,215.

Among suburbs with more than 50 sales in the past 12 months, Palmerston and O’Connor also recorded strong growth in house prices, up 21.4 per cent and 19.6 per cent respectively.

Narrabundah’s median house price has increased 13.5 per cent, defying falling prices in the Inner South.

Units in Phillip have experienced the worst fall, at 21.4 per cent. The median unit price for the suburb is $330,000.

Griffith and the city have also declined, with the median unit price dropping 13.8 per cent and 13.5 per cent respectively.

Stephen Bunday of LJ Hooker is known as the “Ainslie specialist”, and attributed the suburb’s growth to an appealing combination of lifestyle and location.

“Ainslie is a really nice place to live, you are on the fringe of the city but it’s almost like you are in the bush with all sorts of wildlife around,” he said.

Mr Bunday – who is the franchise owner of LJ Hooker Dickson – said the rejuvenation of the city, and in particular Braddon, had boosted Ainslie’s performance.

“It’s a lifestyle thing, and that has been a massive game changer in making Canberra more liveable.

This is an excerpt from allhomes.com.au, to read the full article click here.

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