Canberra’s Mid-Winter Housing Market Red Hot – With Higher Prices to Come

🔥🔥🔥Why you should check out the Canberra property market now?

1. Canberra is at the top of the pile inclusive of both houses and units.
2. Units have increased by 10.6% this year, almost $350,000 lower than Sydney unit prices
3. Rents remain the highest increase of 16.1% for house rents and unit rent increase of 8%.
4. Low purchase price = good local gross annual investment yields. House 3.4% and unit 5.5%.
5. Monthly low vacancy rate of just 0.7 %for houses and 1.5% for units.
6. Led Australia in auction clearance rates in June (87.4%) and July (87.3%).
7. Second-highest capital city median house price with an annual increase of 19.9%, behind only Sydney. Units in Canberra at 10% grown.
8. Strong annual total investment returns of 23.34%or houses and 16.1% for units.
9. Canberra’s unemployment rate remains the second-lowest of all the capitals at 4.9%(July 2021).

(source: https://the-riotact.com/canberra-property-presents-a-compelling-investment-case-thats-unlikely-to-slow-down/477842)