Best suburbs for millennials to buy a first home

Best suburbs for millennials to buy a first home

Last updated on November 25th, 2020 at 10:47 am

When you’re looking to buy your first home in the Canberra area, pouring through the suburbs can feel confusing.

While each has its attributes, how do you know whether it’ll be right for you in the long term? Fortunately, we have prepared a guide on which suburbs are best for your first home.

What makes a Canberra suburb good for a millennial?

Aside from affordability, the Financial Times reports that millennials want to live in locations where they can spend time with friends. As such, you might be looking for a home that’s close to cafes, bars, and parks.

If you don’t own a car, commuting features start to come into play. How reliable is public transport in your area? And, will it get you to work quickly?

With a greater emphasis on well-being than many other generations, you may also crave an abundance of local amenities that facilitate your lifestyle, such as green outdoor spaces, gyms, and meditation centres. On the topic of mindfulness, if you’re thinking toward the future, you might want to look at suburbs that complement future family life.

Which Canberra suburbs are good for millennials buying their first home?

• Googong
  With affordable housing and plenty of green open spaces, Googong is ideal if you’re after a relaxing lifestyle with essential amenities nearby, whilst still being within reasonable distance to Canberra’s CBD.
• Greenway
  The local population has a median age of 35, plenty of edgy coffee shops and restaurants, and some affordable property developments, illustrating that it’s already a popular choice amongst millennials.
• Taylor
  As an area in development, Taylor is set to feature two dedicated primary schools, a top-of-the-range shopping centre and other excellent community amenities, in a natural setting.
• Lawson
  With low traffic and bordered by a lake, Lawson is perfect if you want urban living in a new community, just moments from some of Canberra’s most prominent facilities including University of Canberra, AIS and Canberra Stadium.
• Watson
  Based in north Canberra, Watson is an established suburb that combines affordable house prices with a litany of desirable schools, close proximity to Dickson’s dining precinct and moments from Canberra’s CBD.

Doing your research before buying your home

Before purchasing your first property, consider what makes it perfect for you in terms of location. Try to look towards the future while doing this. For example, if a property’s main selling point is a quick journey to work but you’re likely to change office locations, could you look for something more suitable? Or, if minimalist living is quirky now, will it remain so if you have a family?

Should you need any extra advice on the right suburb for your first home, talk to us. At Achieve Homes, we have plenty of experience in helping millennials throughout Canberra find the perfect property for them.