Question 1

Is Taylor a nice place to live?

Accepted Answer

Taylor is a delightful suburb that offers a harmonious blend of modern living and community spirit, making it a wonderful place to call home. Its charming streets are lined with contemporary homes, and the suburb is thoughtfully designed to cater to the needs of families. With an abundance of parks, playgrounds, and walking trails, Taylor is a haven for outdoor enthusiasts and those who appreciate a healthy, active lifestyle. The suburb's peaceful atmosphere, combined with its proximity to the vibrant Gungahlin Town Centre, ensures that residents have easy access to shopping, dining, and public transport, providing a balanced lifestyle that appeals to both families and professionals.

The community vibe in Taylor is warm and welcoming, with a strong emphasis on family-friendly living. Families will find the suburb particularly appealing due to its excellent educational facilities and local amenities, which are conveniently located to support a seamless daily routine. Safety is generally not a concern, contributing to the suburb's reputation as a secure and nurturing environment for raising children. While Taylor may not offer the bustling nightlife of inner-city areas, it compensates with its serene environment and the promise of a close-knit community.

One trade-off of living in Taylor is that, as a rapidly growing suburb, ongoing development may bring some construction noise and activity. However, this growth also means that residents can look forward to enhanced amenities and infrastructure in the future. For those seeking a peaceful yet connected lifestyle in a suburb that values community and modern convenience, Taylor is an excellent choice. Its blend of tranquility and accessibility makes it a standout option for families and individuals looking to enjoy the best of suburban living in Canberra.

Question 2

Is it expensive to live in Taylor?

Accepted Answer

Living in Taylor, a suburb in the ACT near Canberra, can be considered moderately expensive, especially when compared to the average wage in the area. With a median house price of $765,000, buying a property in Taylor is a significant financial commitment. The suburb does not have data on unit prices, which suggests that houses are the primary form of accommodation. Renting a house in Taylor costs around $700 per week, while renting a unit is slightly cheaper at $600 per week.

The median total household income in Taylor is approximately $2,655 per week, which translates to about $138,060 annually. This is slightly above the average full-time wage in Canberra, which is around $100,000 per year. This indicates that while the cost of housing is relatively high, the household income in Taylor is also above average, potentially making it more manageable for residents to afford living expenses.

Overall, if you are thinking of living in Taylor, it's important to consider the balance between higher housing costs and the relatively higher household income. The suburb offers a reasonable cost of living compared to the average wage in Canberra, but it's essential to assess your financial situation to ensure it aligns with the expenses associated with living in this area.

Question 3

Is Taylor a good place to invest?

Accepted Answer

Taylor presents an interesting investment opportunity, particularly for those looking at the rental market. While the median house and unit values have remained stable over the past year, the rental market for units has seen a significant increase, with rents rising by 8.1%. This suggests a growing demand for rental properties, particularly units, which could be appealing for investors seeking rental income.

The stability in property values indicates a balanced market, which can be attractive for investors who prefer a less volatile investment environment. Taylor's appeal lies in its potential for steady rental returns, especially given the recent uptick in unit rents. This could be a sign of increasing interest from renters, possibly due to the suburb's amenities or lifestyle offerings.

Overall, Taylor might not be the place for rapid capital growth at the moment, but it offers a reliable option for those interested in rental income, particularly in the unit sector. The suburb's steady property values and rising rental demand make it a solid choice for investors looking for a stable and potentially rewarding investment in the rental market.

	Houses	Units
Median price Past 3 months	$786K	$525K
Change in value Past 12 months	-8.2%	-6.5%
Sold Past 3 months	38	10
Median days on market Past 12 months	55	60
Average rent Past 12 months	$700	$600
Change in rent Past 12 months	1.4%	8.1%

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