Investment Opportunities
According to Access Economics the Canberra housing market has experienced rapid growth over the past 5 years, driven by extremely low unemployment rates (3.6% vs national average 5.9%), high disposable incomes (61% higher than the national average) and the economy as a whole, with the Gross State Product (GSP) consistently outperforming the national average.
The rental market in Canberra is consistently one of the strongest in the country. Local rental yields are second only to Darwin at approximately 5%, and Canberra has a vacancy rate that is consistently one of the lowest in the nation, with the current vacancy rate sitting at 1.4% (REIA Sep 2010).
Growth in the ACT is forecast to average 2.2% over the five year period from 2010 to 2014 representing a healthy outlook. The underlying strength of the ACT is the good level of population growth being experienced, with approximately 6,000 new residents each year.
Long term capital growth in the Canberra market is likely to be supported by:
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Moderate yet consistent population growth;
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A strong, diversified industrial base;
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Very high Public Sector presence (with consistent salary increases); and
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Very high levels of employment and disposable income.
Information provided by CBRE Suburb Market Watch and Access Economics and does not constitute financial advice. Interested parties should make their own enquiries and seek independent advice before acting.
Projects
The following new releases provide opportunities to invest in the Canberra market and we have provided indicative depreciation schedules and market summaries on each location as they become available.
Broadview in Ngunnawal
Broadview is Gungahlin's newest masterplanned community, located in Ngunnawal, just 4kms from the thriving Gungahlin town centre with shops, restaurants, cafes and community amenities close by.
House and land packages start at $336,900 with land only sales from $200,000.
To download plans and prices, click here.
Nexus on Flemington Road, Franklin
Located close to the thriving Gungahlin Town Centre, these 1 bedroom, 1 bedroom plus study and 2 bedroom apartments are priced from just $288,500.
To download plans and prices, click here.
The Fair at Watson - FINAL RELEASE
The Fair at North Watson is located just 8km from Civic and is adjacent to Mt Majura Nature Reserve. Offering 1 bedroom plus study and 2 bedroom apartments, these homes are in a much sought after rental location and are attractively priced from $299,900.
To download plans and prices click here.
To view copies of market reports and indicative depreciation schedules please download the pdf documents from the side bar menu.
Domain on the Park, Deakin
Secure your future with a stylish new apartment at Domain on the Park. Surrounded by quality residences, parks and with stunning views of Parliament House, Domain on the Park offers a unique opportunity for the privileged few.
Domain on the Park offers a variety of apartment choices, all with high level inclusions, modern and green environment.
Located on State Circle, Deakin, close to restaurants, shopping and city amenities, and with easy access to public transport, Domain on the Park offers a unique and convenient lifestyle.
2 bedroom plus ensuite apartments from $629,900.
To download plans and prices click here
Brindabella at Macgregor
Brindabella at Macgregor is one of the fastest selling communities in Canberra and offers a choice of home styles to suit a range of family sizes and budgets. All homes feature energy efficient fixtures and fittings and are located close to shops, parks and playgrounds and walking trails and are priced from $344,900.
To download plans and prices click here