As you can see, Canberra city is rapidly growing & ACT government has already started working on infrastructure development by creating new jobs and opportunities in various parts of Canberra. In recent years Canberra has experienced immense growth in terms of population. According to ACT government data, by 2022 the population is expected to growing by 437,032 from current population 405,000 (approx). In order to cater the need of future residents, a number of new suburbs have been developed in recent years across the region. New suburbs like Gungahlin, Franklin, Moncrieff and Coombs have recorded the largest population increases in recent years in ACT and Many more new suburbs are being build such as Throsby, New west hume, Red hill, Greenway, Wright, Kingston, Denman prospect & Lawson etc
Canberra property market is one of the rapidly growing market in Australia due to rapid population growth in terms of overseas migration, interstate migration and heaps of students migration in recent years and still growing. As property market is slowing in the other capital cities in Australia, Canberra being the best market for First Home Buyers and Investors due to affordable property prices, capital gains and better rental returns.
As we know Canberra property market is second highest interms of rental returns across Australia. The rental yield in Canberra ranging from 5.8-7% for apartments and 4.8 % for houses based on rental market data over the last 12 months.
If you are planning to invest in canberra or Just looking for your first home. We are bringing 100’s of apartment next week which included off the plan and existing.
Hold on tight !!!!
If you are First home Buyers planning to get into property market or if you are savvy investor looking for a better rental returns. We have properties that has rental yields of 7%.
Call us on Monday afternoon and secure your dream projects.
Have a good night 😊