The Smartline Report – August Edition

The month in review: Canberra

By Herron Todd White
August 2016

The Canberra residential market is complex with many factors interacting to affect demand, supply and ultimately prices. On a macro level, the Canberra residential market aided by historically low interest rates has a number of underlying positives including generally strong employment and a perception of good job security.

With a transient population and periods where government departments employ graduates and new staff, both rental and sales demand increase. Population growth and interstate migration are considered main market drivers. Demand for family homes is a local market driver, second and third home-buyers with families are looking for centrally located housing in close proximity to schools and services. Affordability remains an issue for this section of the market.

With the sitting Liberal government re-elected, public service employment prospects remain steady, although some caution was evident in the lead up to the result. Winter is also traditionally slightly slower, so there is an expectation that Spring conditions and improved certainty after the election result will improve the overall market position.

Please note that information in this publication is subject to change without notice. Smartline assumes no responsibility for any errors, omissions or mistakes in this document. © Smartline Home Loans P/L 1999 – 2016. Australian Credit Licence Number 385325

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