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
