Question 1

Is Higgins a nice place to live?

Accepted Answer

Higgins is a charming suburb that offers a delightful blend of tranquility and convenience, making it a wonderful place to call home. With its peaceful residential atmosphere, Higgins is perfect for families seeking a supportive community environment. The suburb is known for its leafy streets and a mix of older homes alongside newer developments, catering to a variety of housing preferences. Its proximity to the Belconnen Town Centre ensures that residents have easy access to a range of amenities, including shopping centers, cafes, and recreational facilities, enhancing the overall livability of the area.

The vibe in Higgins is one of community and comfort, with a strong emphasis on family-friendly living. The suburb is well-equipped with local schools and parks, providing ample opportunities for families to engage in outdoor activities and foster a sense of belonging. Safety is generally not a concern, contributing to the suburb's appeal for those with young children. While Higgins may not offer the bustling nightlife of a city center, its serene environment and close-knit community make it an ideal choice for those who value a quieter lifestyle.

For families, Higgins presents a balanced lifestyle with the added benefit of being well-connected to Canberra's city center via public transport. However, one trade-off might be the lack of major new redevelopment projects, which means that while the suburb remains stable and amenity-rich, it may not experience the rapid growth seen in other areas. Nonetheless, for those seeking a stable, established community with convenient access to essential services and a peaceful suburban vibe, Higgins is a delightful choice.

Question 2

Is it expensive to live in Higgins?

Accepted Answer

Living in Higgins, a suburb of Canberra, can be considered moderately expensive, especially when compared to the average wage in the ACT. The current median house price in Higgins is approximately $887,500. This figure is significant, particularly when you consider that the average wage in Canberra is about $95,000 per year. For those who are renting, the average rent for houses over the past year has been around $650 per week, which can also take a substantial portion of one's income.

The median total household income in Higgins is $2,248 per week, which is relatively high and reflects the earning potential in the area. However, given the high property prices and rental costs, living in Higgins requires careful financial planning to ensure that housing expenses do not overwhelm your budget. While the suburb offers the benefits of living close to the amenities and opportunities of Canberra, it's important to weigh these advantages against the cost of living in this area.

Question 3

Is Higgins a good place to invest?

Accepted Answer

Higgins presents a stable investment opportunity, particularly for those seeking steady rental income. Over the past year, the suburb has seen a modest increase in median house values by 2.2%, indicating a steady market without the volatility seen in some other areas. While unit values have remained unchanged, the rental market for houses has experienced a healthy 4.8% growth, suggesting strong demand from tenants.

For investors, Higgins offers a reliable environment with potential for consistent returns. The lack of change in unit values and rents might indicate a more stable market segment, appealing to those who prefer low-risk investments. The suburb's family-friendly atmosphere and community appeal make it attractive to long-term renters, which is a positive sign for those looking to invest in rental properties. Overall, Higgins is a solid choice for investors prioritizing stability and steady rental income over rapid capital growth.

	Houses	Units
Median price Past 3 months	$895K	N/A
Change in value Past 12 months	4.0%	N/A
Sold Past 3 months	12	1
Median days on market Past 12 months	33	N/A
Average rent Past 12 months	$650	N/A
Change in rent Past 12 months	4.8%	N/A

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