Canberra Market
Data >>
Canberra,
Australia's
national capital is situated approximately half way between Sydney and
Melbourne. Canberra's carefully planned suburbs are separated by large patches
of native bushland, while its city monuments and buildings are set around an
artificial lake encircled by bike tracks.
Market Update –
Mar quarter 2008*
|
Canberra
|
Mar quarter median
|
% change
Dec 07 – Mar 08
|
% change
Mar 07 – Mar 08
|
|
House Price
|
$445,000
|
-6.8
|
+6.0
|
|
House Rent (3
b/r)
|
$385 pw
|
+4.1
|
+12.4
|
|
Unit Price
|
$356,000
|
-2.5
|
+11.6
|
|
Unit Rent (2 b/r)
|
$370 pw
|
+4.2
|
+13.8
|
|
Vacancy rate
|
2.0
|
-0.6
|
+0.7
|
*
This is the most up to date available - property data is released 3 months
after the end of each quarter.
Source: Real Estate Institute of
Australia
Comment:
It has
been a bumpy ride in recent years, albeit with an upward trend. Prices have
been volatile from quarter to quarter so it is difficult to read too much
into these figures at this stage. Rental yields, particularly for units are
attractive.
Detailed
Market Information:
For more detailed property market information
click here,
or contact Quartile toll free on 1300 650 650.
Adelaide
| Brisbane | Canberra
| Cairns
| Gold Coast | Melbourne
| Perth | Sydney
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