Property for sale in Canberra

Canberra's residential property for sale investment market is statistically showing signs of slowing down. The Australian Capital Territory has not returned the most spectacular results for the last half of 2007 and first quarter 2008 reasonable growth of 3.48 percent has been recorded. Rents remain high, with healthy returns of 4.67 percent placing it second only to Darwin and country Northern Territory. Click here for more information about property for sale in Australia.

Views on the Canberra real estate:

Canberra has been a sold performer over recent years, and was arguably the country's best market along with Southeast Queensland for residential property for sale over 2007. Strong migration and a stream of new well-paid public service jobs have served to strengthen underlying demand, while a major shift of military personnel and their families to the region added further market stimuli. This has resulted in strong demand for investment in properties and a construction industry trying to keep pace.

The median house prices in Canberra went up by 110% in the last 4 years. Overall, what has happened is that the inner suburbs, and that's usually the ones that are more affluent, probably tended to grow quicker and earlier. That's why property for sale investment in a more central location tends to get more capital growth at the expense of rental returns.

The Real Estate Institute of Australia forecasts moderate growth in Canberra's property market over the coming two years and it believes that demand for residential property for sale will continue to be high across the nation in the short to medium term at least, especially in south east Queensland.