Canberra Real Estate – Canberra in the ACT is the national capital and is situated between Sydney and Melbourne. The city has a much smaller population at around 350,000 people.  Average house prices are in excess of $400,000 and average unit price is almost $350,000. A shortage of rental properties is pushing returns higher for property investors with units and flats looking the most attractive at this point.

Canberra  Sep quarter median   % change  Jun 07 – Sep 07  % change
Sep 06 – Sep 07
 
House Price  $425,000  -0.4   +8.1
 
House Rent (3 b/r)  $350 pw  0.0  +9.4
 
Unit Price  $346,000  +3.3  +11.0 
Unit Rent (2 b/r)  $340 pw  +3.0  +13.3
 
Vacancy rate  2.2  -0.2  -0.2 

Canberra Features:

Parliment House, Lake Burley Griffin, National Capital Exhibition, National Library of Australia, National Portrait Gallery, Home of the Royal Australian Mint.

Australian national university