Belconnen District, Canberra, ACT
For some reason Canberra never features in growth discussions. It deserves more attention.
Confidence in the Canberra property is strong, says the ANZ/Property Council Survey of ACT, while data from CoreLogic’s RP Data Daily Home Value Index shows Canberra’s house prices are 4% higher than a year ago.
This confirms there’s steady buyer demand in the national capital.
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.
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.