Canberra Parliament House

Many of Canberra's suburbs are named after former Prime Ministers | Source: Pixabay

The Most Expensive Suburbs in Canberra

Home of Australia’s most notable politicians, lawyers and other high income earning professionals, Canberra can be an expensive place to live. The suburb’s limited supply of properties and population of affluent residents has seen more than a quarter of the suburbs reach a median house price of over A$1 million. So which suburbs belong to the million dollar club? Discover why these suburbs are the most expensive in Canberra.

Griffith

Situated opposite Parliament House, Griffith is particularly popular with members of parliament. The inner-city suburb is one of the oldest in Canberra and appeals to residents looking for somewhere with a sense of heritage and prestige. With leafy streets and 12 different parks to unwind in, Griffith is a naturally and architecturally established suburb. These particularly attractive qualities result in Griffith being the most expensive suburb in Canberra with a median sale price of A$2.1 million.

Image: A Griffith home for sale on Monaro Crescent | Source: All Homes

Red Hill

Established back in 1928, Red Hill is one of Canberra’s oldest suburbs. It’s here you will find Canberra’s infamous Golden Mile, a tree-lined street made up of homes belonging to some of Canberra’s wealthiest residents. With a median sale price of $1.9 million, the suburb faces high expectations from both it’s current and future occupants. But with it’s landscaped gardens, proximity to the Red Hill nature reserve and home to the only independent male private school in Canberra, it hardly falls short.

Image: A home on Arthur Circle, Red Hill | Source: All Homes

Yarralumla

Yarralumla sits on the southern edge of Canberra’s Lake Burley Griffin just 3.5 kilometres south-west of the city centre. With the sprawling foreshore parklands, Royal Canberra Gold Course, Canberra Yacht Club and its swimming and rowing facilities on its doorstep, the suburb isn’t short of things to do. It’s for this reason that the median Yarralumla house price soars to A$1.8 million.

Image: Dining in on the lake in Yarralumla Source: Laing and Simmons.

Deakin

With the Prime Minister’s lodge, the Royal Australian Mint and the only independent private girls school in Canberra calling Deakin home, expensive house prices don’t exactly come as a surprise here. If that wasn’t enough, the suburb also boasts a central location, two golf clubs and one of the most spectacular autumn leaf displays in the country. Reaching a median house price of A$1.8 million, the Deakin lifestyle comes with a cost.

Image: A home on Empire Circuit in Deakin Source: Domain

Campbell

Campbell is located at the base of Mount Ainslie to the south-east of the Canberra city centre. The suburb is made up of a mix of contemporary and character properties with leafy streets and good access to the central business district, Canberra airport and multiple nature reserves. Campbell is also where you will find some notable military buildings, including the Australian War Memorial and the Royal Military College. With a median house price of A$1.6 million, this expensive suburb is in high demand.

Image: A home in Campbell Source: All Campbell

If you’re interested in reading about more of Australia’s most expensive suburbs you can read about the priciest postcodes in the Gold Coast, Sydney, PerthMelbourne, Adelaide and Brisbane.

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