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The Canberra Times
The Canberra Times
Georgina Sebar

'Family-friendly': Taylor tops Australian suburbs for buyers under 35

Isaac and Danella Tang moved to Taylor because it was what they could afford.

However, while the distance from central Canberra was a "little bit of a downside", Mr Tang said the new build and community feel made the area attractive to the young couple.

"It's got a really family-friendly vibe to it," Mr Tang said.

Danella and Isaac Tang in their Taylor home. Picture supplied

"We often see families walking around late at night, and it's never felt unsafe."

New research from Ray White suggests that Taylor is the most attractive suburb in the country for young home owners.

The median age of a home owner in the Gungahlin suburb is just 31 years old, and dropping.

At the same time, the number of investors is lower than the national average at less than 22 per cent.

Taylor was one of four Gungahlin suburbs to make the top 30 in Ray White's 30 Under 35, which looks at median age, number of investors and the performance of the market.

The others were Moncrieff, where the median age of home owners was 32, Throsby, where the median age was 32.3, and Crace, where the median age was 34.8.

Two Molonglo suburbs also made the list: Coombs, which took out the second spot in the country with a median age of 31.4, and Denman Prospect, where the median age was 32.5.

A mortgage broker at Abraham Finance, Mr Tang said he often had young clients looking for townhouses or apartments, both of which were common in newer suburbs.

"We've helped many young people who are looking to purchase around Taylor or the surrounding suburbs up here in Gungahlin," he said.

Ray White economist Atom Go Tian said Canberra's intentional development of new suburbs such as Gungahlin and Molonglo made them more popular than similar suburbs on the outskirts of larger cities.

"If you look at Sydney or Perth, which match Canberra in the number of suburbs for under 35s, the suburbs are more diverse and spread out," Mr Go Tian said.

"You can feel buyers are forced out, where in Canberra, you get the sense that it was intentionally designed for under 35s."

Ray White's 30 top suburbs for under 35-year-old buyers. Picture supplied

"What I keep going back to is the community in the suburbs that would not be in predominantly investor-driven suburbs where there's a sense of come-and-go."

Suburban Land Agency chief executive Adam Davey said the inclusion of so many Canberra suburbs was "hopefully a recognition of a city that is trying to get the settings right to help with housing availability and affordability".

While the agency does not specifically target young home owners when designing new suburbs, Mr Davey said it was "really pleasing" to see young people getting into home ownership.

"The concentration of the Canberra suburbs on the list indicates that delivering land supply alongside well-planned communities can help create places that attract and retain younger households," he said.

A number of tax settings were also in play, Mr Davey said, including the ACT's Australia-first stamp duty exemption for all first home buyers, and future missing middle reforms.

Mr Davey said the agency would continue to prioritise housing diversity, access to amenities, green space and transport in future new suburbs.

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