Belconnen District, Canberra, ACT
For some reason Canberra never features in growth discussions. It deserves more attention.
There’s steady buyer demand in the national capital and the number of Canberra suburbs with rising markets has grown steadily in our past four quarterly surveys of sales activity.
Canberra also has a vacancy rate below 1%, the biggest rental rises in capital city Australia and strong uplift in Top End prices.
Growth markets are spread across Canberra, including the Belconnen District in the north and Tuggeranong in the south.
The Spring 2018 survey for The Price Predictor Index identifies several suburbs in the Belconnen District as growth suburbs, including Flynn, Bruce, Belconnen, Hawker, Higgins and Macgregor.
Overall, the data adds to the perception that Canberra is a market on the rise, with good prospects for solid price growth in the next 1-2 years.
This report covers the suburbs of Belconnen, Bruce, Florey, Holt, Dunlop, Evatt, Flynn, Kaleen and Macgregor.
Belconnen was Hotspot of the Week on 28 August 2018