Question 1

Is Franklin a nice place to live?

Accepted Answer

Franklin is a delightful suburb that offers a harmonious blend of modern living and suburban charm, making it a wonderful place to call home. Its vibrant community atmosphere is complemented by a peaceful environment, perfect for families and individuals alike. The suburb is known for its lush green spaces, providing residents with ample opportunities for outdoor activities and relaxation. With its close proximity to the Gungahlin Town Centre, Franklin ensures that all essential amenities, including shopping, dining, and public transport, are just a stone's throw away, adding to the convenience of daily life.

Families will find Franklin particularly appealing due to its strong sense of community and access to quality schools and recreational facilities. The suburb's layout encourages a safe and welcoming environment, ideal for raising children. While Franklin offers a serene lifestyle, it does come with the trade-off of being a bit further from Canberra's bustling city centre. However, the efficient public transport options and major road access make commuting manageable for those working in the city.

For those who appreciate a balanced lifestyle, Franklin provides a perfect mix of suburban tranquility and urban convenience. The suburb's modern housing options cater to both homeowners and renters, offering a diverse living experience. While it may not have the nightlife of inner-city areas, Franklin's charm lies in its community spirit and the peaceful, family-friendly vibe it exudes. Overall, Franklin is a fantastic choice for anyone seeking a supportive community with easy access to both nature and city amenities.

Question 2

Is it expensive to live in Franklin?

Accepted Answer

Living in Franklin can be considered moderately expensive, especially when comparing property prices and rental costs to the average wage in Canberra. The median house price in Franklin is currently around $950,000, while the median unit price is $403,000. These figures suggest that purchasing a home in this suburb requires a significant financial commitment, particularly for those earning the average Canberra wage of approximately $90,000 per year.

Renting in Franklin also demands a considerable portion of one's income. The average rent for houses is $700 per week, and for units, it's $550 per week. Given that the median total household income in Franklin is $2,383 per week, these rental prices are a substantial expense. While Franklin offers a family-friendly environment with access to amenities and services, the cost of living, particularly in terms of housing, is on the higher side. If you are thinking of living in Franklin, it's important to evaluate your financial situation to ensure it aligns with the living costs in this suburb.

Question 3

Is Franklin a good place to invest?

Accepted Answer

Franklin presents a promising opportunity for property investors, particularly those looking for stable rental income. Over the past year, the suburb has experienced a 4.1% increase in median house values, indicating a steady appreciation in property prices. While the median unit value has remained unchanged, the rental market for units has seen a notable 4.8% increase, suggesting strong demand from renters. This makes units in Franklin an attractive option for investors seeking reliable rental returns.

The suburb's appeal is further enhanced by its family-friendly environment and convenient access to amenities, which contribute to its desirability among both renters and buyers. The modest 2.9% increase in house rents also reflects a stable rental market, offering investors a balanced mix of capital growth and rental yield potential. While Franklin may not be the fastest-growing suburb in terms of property values, its consistent performance and rental demand make it a solid choice for those seeking a dependable investment in the real estate market.

	Houses	Units
Median price Past 3 months	$892K	$463K
Change in value Past 12 months	N/A	-10.4%
Sold Past 3 months	22	16
Median days on market Past 12 months	43	76
Average rent Past 12 months	$700	$550
Change in rent Past 12 months	2.9%	5.8%

Get a property report and suburb profile for any property in Franklin

Franklin suburb profile

Franklin property market performance

5 year median price trend for houses and units

Franklin demographics

Suburbs near Franklin

How does Franklin compare to nearby suburbs?

Choose the right real estate agents in Franklin

Get a head start and compare top local agents in Franklin

Not quite ready to sell?

Suburb and property report

Digital estimate for your property

Navigate the market