The Canberra property investment market update 2017
Canberra has developed into one of the strongest capital city housing markets of 2017.
The good news for the ACT is that unemployment has been down in recent months.
Canberra’s strength lies in how it sustains growth in a manner similar to Sydney and Melbourne, but offers lower prices. Its buoyant rental market, the only one to record a rental rate increase over the previous quarter, also draws investors.
In a recent pre-budget submission to the Federal Government, the Property Council of Australia – ACT Division also confirmed that the state continues to have the lowest investment sentiment of any mainland state or territory.
The submission cites concerns that reform action and spending priorities are not being taken to best suit objectives, and of special concern are “disincentives to investment and development hindering potential growth and undermining the future prosperity of Canberra.
Canberra Property Investment – National Investment Planning provides investment property selection and guidance for investors in the Canberra property market.
This includes the latest information on real estate investing in the Australian Capital Territory, negative and positive gearing, how to select locations and properties, and the latest information on financing your investment property in locations around Canberra.
Contact us on 1300 545 899 for a free information pack, or to arrange an obligation free consultation.