Many individuals in Canberra would like to own an older home. They dream of renovating the property to meet their needs. When choosing a home for this purpose, they need to consider multiple factors, particularly if they plan to use this property as an investment or wish to sell it when the work is complete.
Older homes remain an excellent investment because people love the character of these properties. They often wish to know more about the history when purchasing. Furthermore, older homes frequently offer the potential for capital growth if purchased in the right location. Which neighbourhoods should be considered when conducting this search?
Griffith
Individuals looking for a property in an exclusive neighbourhood might wish to consider Griffith. The leafy suburb offers many prestigious old-style brick homes, fine dining, and boutique shopping. Professionals love the high-end homes nestled on tranquil streets and appreciate the easy access to Canberra’s CBD and quality public and private schools.
The exclusivity of these homes and the charm and convenience of the neighbourhood ensure that any home in the area will remain in high demand. The neighbourhood is enhanced by local attractions, including St. Paul’s Anglican Church and Manuka Pool, known for its Federal Art Deco style.
Homebuyers, renovators, and investors may be able to get an excellent deal at auction on a property needing work and see an outstanding return when this work is completed. However, they must be aware of all permits and approvals required before renovating older homes in Canberra. DA approval from the ACT Planning and Land Authority is essential before any work begins to avoid problems as the project progresses. An experienced contractor can assist with obtaining the permits and approvals.
Ainslie
Ainslie remains a desirable neighbourhood in Canberra. Property values have shown substantial increases in recent years, possibly due in part to the neighbourhood being within walking distance of the Canberra CBD. Residents have easy access to the Mount Ainslie nature trails and the Australian War Memorial. They also enjoy dining at the many Dickson restaurants.
Homebuyers find that there are many heritage-listed houses available in the suburb of Ainslie. Before purchasing, they need to understand the requirements of renovating one of these homes, and an experienced contractor is an excellent partner to have throughout the process.
Originally a suburb populated by blue-collar workers and their families, Ainslie has transformed from an area with an abundance of public housing to a highly desirable neighbourhood thanks to gentrification over the years.
Narrabundah
It wasn’t long ago that Narrabundah didn’t fit in with the rest of Canberra’s inner south. However, many families and professionals have chosen to move into the area, and it is now an established suburb. People are drawn to the neighbourhood thanks to the opportunities to own and renovate a beautiful home, benefiting from the broad, leafy streets and green spaces the area is known for. Who wouldn’t want to live in an area known for its local wild peacock population?
In the part of the neighbourhood known as Old Narrabundah, homebuyers will find a mix of pre-fab fibro cottages, full-brick duplexes, and modern cottages. Many of these residences have been around for 75 years or more and could do with an update. Homes in Upper Narrabundah offer breathtaking views of Lake Burley Griffin and the city.
Curtin
Curtin is the ideal place to purchase a home for renovation. Residents love that this neighbourhood offers mid-century charm while embracing modern upgrades. Walk the streets of this neighbourhood and see heritage homes alongside modern developments. Government workers, professionals, and families are proud to call this neighbourhood home.
Residents enjoy a range of local amenities close to home. They may visit the local shops, restaurants, and cafes, or visit Lake Burley Griffin and the Australian National Botanic Gardens. Parents love the excellent schools and local parks where their children can run and play with friends while enjoying the beautiful weather, and transport links make getting around easy. Explore local auctions and property sales to find a residence at an affordable price, and then undertake renovations to make it perfect in every way.
Franklin
Franklin is a suburb that should not be overlooked. Residents love this clean and green neighbourhood with plenty of parks and recreation. Families with kids often choose to purchase in this area, along with retirees and professionals who want easy access to the tram. Single men and women will find this neighbourhood meets their needs, as well, although it isn’t known for its nightlife.
Many people say this neighbourhood is ideal because it offers high-class living at affordable prices. However, homes move fast in this neighbourhood thanks to the low prices, so a person needs to act quickly if they wish to live here. Homes in need of renovation won’t remain on the market long because they are so affordable.
Additional Suburbs to Consider
Canberra renovation suburbs remain abundant. Men and women looking to purchase a home for renovation will find that most suburbs have available properties. Many neighbourhoods lack any growth patterns, and price growth has been weak in recent years. The vacancy rate remains high across ACT locations. However, the economy remains stable, and the infrastructure is excellent, making this area ideal for individuals looking to purchase a home or invest in property.
Before purchasing any home in need of renovations, individuals should talk with a renovation builder familiar with Canberra heritage and older homes, such as the team at Quality Built co. We will be invaluable as the process moves forward because we are aware of rules and regulations regarding residential renovations, particularly those impacting heritage homes.
We work with potential homebuyers to ensure they are getting a good deal on a home and that the desired renovations can be completed. With the help of us, a person can find a house in a neighbourhood they love and make it their dream home.
