PC-Wikimedia
Everyone in and out of the state capitals continues to pay attention to Canberra’s property market. From simple flats and compact houses to family homes, everyone has unique tastes and financial capabilities. It’s time to investigate market trends and what is available in Canberra.
Zango Listings Highlight
Currently, there are about 208 homes that are pending sale. Some of the highlighted listings are as follows:
- 25 Marengo Place, Isabella Plains (ACT) has direct access to parks and schools, £356,000
- 3/46 Atkinson Street, Queanbeyan East is being auctioned for £550,000.
These listings are for investors and people looking to buy their first homes.
Canberra is making an effort to revitalize the newly acquired land, which has already begun to diversify the real estate market.
Market Trends in Canberra
More and more transactional records indicate there are no signs of stagnation in the market:
- A 3 bedroom flat in Kingston is sold for £1,930,000.
- A unit in Belconnen is being sold for £335,000.
- A four bedroom in Weston is £1,326,000.
- A premium property located in Hackett is £1,700,000.
- A 5 bed in Gungahlin is £1,835,000.
- A 3 bedroom in Ainslie is £1,250,000.
- A stunning 5 bed in Gungahlin achieves £1,835,000.
Canberra has so much to offer in all of its suburbs, from simple flats to stunning 5 bedroom homes.
Why this matters for buyers & sellers.
For buyers:
For those who desire to buy entry level properties, there are affordable opportunities for buyers starting out in their journey, while premium family homes in established suburbs are priced well above £1 million. Buyers should focus target suburbs with relative ease.
For sellers & investors:
Like Kingston, Hackett, and Gungahlin, desirable suburbs are generating strong results. The rest are still a very popular and effective method of sale and frequently entice competitive bidding on properties of strong locational merit.
Conclusion
The property market in Canberra is well balanced, having affordable entry level homes and expensive family residential properties. Over 200 properties are available, giving ample value and choice for buyers. In contrast, sellers have strong demand servers and competitive auction results.
For investment, first buyers, and those looking to upsize, there are a lot of investment opportunities in Canberra.
