Canberra's Hidden Gem: An Overlooked Suburb on the Cusp of Rezoning

Harrison is the suburb that could be on the verge of a major transformation, with the ACT Government considering a rezoning proposal that would allow for higher density development along the suburb's main thoroughfares, including Flemington Road and Nullarbor Avenue.

This matters now because Canberra's property market is experiencing a period of growth, driven in part by the ongoing expansion of the Gungahlin and Belconnen growth corridors. With the median house price in the ACT sitting at around $835,000, investors and homebuyers are looking for affordable options that still offer potential for long-term growth. Harrison, with its mix of established homes and new developments, could be an attractive option for those looking to get into the market.

Locals know Harrison as a quiet, family-friendly suburb with a strong sense of community, surrounded by amenities like the Gungahlin Marketplace and the Harrison School. The suburb is also close to major employment hubs, including the Australian Institute of Health and Welfare on Mouat Street and the Canberra Institute of Technology's Bruce campus. Organisations like the Gungahlin Community Council and the North Canberra Community Council have been actively engaged in the rezoning discussion, ensuring that the needs and concerns of local residents are taken into account.

Rezoning and Growth

Data from the ACT Planning Authority shows that the proposed rezoning would allow for the development of up to 1,500 new dwellings in Harrison, including apartments, townhouses, and detached homes. This could bring a significant influx of new residents to the area, supporting local businesses and services. According to CoreLogic, the median house price in Harrison is currently around $720,000, which is below the ACT median. However, with the potential for rezoning and redevelopment, prices could rise, making it an attractive option for investors. As of June 2026, the auction clearance rate in the ACT is sitting at around 65%, indicating a strong and competitive market.

So what happens next? The ACT Government is expected to make a decision on the rezoning proposal by the end of 2026, with community consultation and feedback playing a key role in the decision-making process. For investors and homebuyers looking to get into the Harrison market, it's essential to do their research and stay up-to-date with the latest developments. The suburb's potential for growth and transformation makes it an exciting opportunity, but it's crucial to approach with caution and consider the potential risks and rewards. As the market continues to evolve, one thing is certain - Harrison is a suburb to watch in the coming months and years.