Canberra Residential

29 Apr 2020

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    The Australian Capital Territory (ACT)’s robust economy performance will provide a solid backdrop to underlying demand for housing. Canberra housing returns to growth, but some uncertainty exists for the rental market.

    Highlights of the report include: -

    - Apartment transactions increase marginally over the 12 months to November 2019

    - Price growth was flat y-o-y to January 2020, which likely means the rate of decline has bottomed and apartment prices will increase in 1H20. Detached house prices continued to increase over the same period.

    - Rents grew at a robust rate over the year to November 2019 on the back of a tight vacancy rate (1.2%).

    - Both apartment and detached house median rental yields were stable and remained one of the highest nationally.

    And if you have any questions on this research or anything else that you'd like us to clarify, please feel free to get in touch with us directly at +603 2260 0700

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