23 Boothby Place, Garran, ACT 2605
Auction
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Open Saturday 27 June 10:45 am Auction Saturday 11 July 1:00 pmGarran was developed in the mid-1960s as part of the Woden Valley's residential expansion. It was designed to provide high-quality housing for the growing public service and the medical staff of the then-new Canberra Hospital.
The suburb is defined by its leafy streets, mid-century architecture, and a high concentration of medical professionals. It balances a quiet residential feel with the high-activity environment of the hospital precinct.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Garran is a 'blue-chip' Woden suburb. Its value is anchored by the hospital, making it somewhat insulated from economic volatility that affects more discretionary markets.
$1.35m – $2.8m
$550k – $950k
12-month movement
Current asking rents
The high house-to-unit ratio preserves the suburb's low-density feel, while the steady price climb reflects its status as a destination of choice for the medical community.
Price comparison
Median price ÷ median income
Estimated rental yield
Garran is a premium market. While expensive, the high median household income of residents suggests that local buyers are less stretched than in some outer-fringe growth corridors.
Lower = tighter market
Avg time on market
Annual rental increase
Medical registrars, specialists, and families seeking the Garran Primary catchment.
Extremely stable. The hospital provides a constant stream of high-quality tenants. Capital growth is the primary play here rather than high yields.
Expected to outperform the broader ACT market due to the essential nature of the surrounding infrastructure. Expect steady 4-6% annual growth.
vs last 12 months
Relative comparison
Standard home security is sufficient. Most local issues relate to illegal parking or minor traffic infringements near the hospital.
The primary risks are operational rather than environmental, centered on the hospital's footprint and traffic.
Very low risk; suburb is elevated and well-drained.
Moderate risk for properties directly backing onto the Red Hill Nature Reserve; check Asset Protection Zones.
No significant premiums noted, though properties on the reserve boundary should confirm bushfire coverage.
Precinct Code for the Canberra Hospital; some heritage considerations for original mid-century builds.
RZ2 zones near the shops and hospital allow for more compact residential development and dual occupancies.
RZ2 zoning provides long-term value for landholders as it allows for higher density development than standard RZ1 blocks.
Frequent bus services to Woden and City; proximity to Hindmarsh Drive.
Local shops include a supermarket, bakery, and popular cafes; minutes from Woden Westfield.
Excellent access to Red Hill Nature Reserve and local playing fields.
Home to Garran Primary; short drive to Canberra Grammar and other top private schools.
Unrivalled access to public and private hospital facilities.
An established, affluent population with a high proportion of professionals in the health and public service sectors.
The high ownership rate and professional demographic contribute to long-term price stability and a well-maintained suburb aesthetic.
The Canberra Hospital Master Plan (2021-2041) is the dominant influence on the suburb.
Residents love the convenience and the 'village' feel of the shops, though there is a shared frustration regarding the hospital's impact on local parking.
We moved here specifically for the primary school and it has been the best decision for our kids. The community at the shops is so friendly.
Being able to walk to the hospital is a massive plus for my lifestyle, though the sirens can be a bit much on summer nights.
I love my garden and the birds from Red Hill, but I can never find a park for my visitors because of the hospital staff parking in our street.
The land value here is incredible. We bought an old 60s house and the growth since we renovated has been very satisfying.
It's a bit expensive to rent here, but being so close to Woden and the nature trails makes it worth it.
The local shops are thriving. There is a real sense of supporting local business here which you don't always get in Canberra.
Position the property as a 'generational home' within a blue-chip educational and medical precinct. Emphasize land size and the stability of the Woden Valley market.
Garran offers one of the safest rental markets in the ACT due to the 'recession-proof' nature of the hospital.
Low yields compared to high entry costs; potential for changes in hospital parking policy affecting street appeal.
Safe, quiet, and extremely convenient for medical staff.
Rental prices are high and vacancy is very low; start your search early.
Standard ACT residential tenancy laws apply; ensure smoke alarm and insulation compliance is up to date.
Focus on 'Walk to Work' for medical staff and 'Top Tier Education' for families.
Medical specialists, senior public servants, and families with primary-school-aged children.
This report is based on data available as of March 31, 2026. Property investment carries risk. Buyers should conduct their own independent financial and legal due diligence before proceeding with a purchase.
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