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Sunday, December 22, 2024

Property News

Canberran renters still pay the most expensive rent in the country

The median rental price in Canberra remains the most expensive in Australia, although prices slightly dropped during the December quarter.

ACT to lose 93 affordable rentals in 2023

Latest figures from the Federal Government show the ACT will lose 93 NRAS properties this year, plunging the Territory deeper into rental stress.

Elouera Street Flats set for redevelopment in Braddon

The Elouera Street Flats in Braddon are set to be redeveloped and revitalised, bringing new life to a prime site.

Rental affordability in ACT improves marginally in September quarter

Rental affordability in the ACT has improved by 0.4 per cent over the September quarter, although has worsened overall throughout 2022.

Sod turned at Jacka, set to be ACT’s most sustainable suburb

The first sod has been turned at Canberra's new development of Jacka in Gungahlin, set to be one of Australia's most sustainable suburbs.

Sydney Building property in Civic sells for $1.125 million

Sold under the hammer for $1.125 million in Canberra's Sydney Building is a property where the Church of Scientology leases the first floor.

Canberra house prices $320,000 higher than pre-pandemic levels

This year has seen Canberra’s property market take a tumble from the pandemic price peak; however, dwellings remain $320,000 more expensive on average than before 2020.  

5 best Canberra suburbs to invest in 2023

Canberra has maintained its status as the ‘Goldilocks of Australian real estate’ in Cantstar's latest report. So, if you’re planning to buy in 2023, here are the top five Canberra suburbs to invest in.

New Googong neighbourhood gets green light

Googong is set to grow after receiving development approval for three new neighbourhoods – Googong West, South, and East.

Low-income ACT renters struggle needing 117% of income to pay rent

The latest Rental Affordability Index shows a snapshot of renting in Australia, and the ACT’s results are an “indictment”, according to ACT Shelter.

Canberra’s newest landmark office block in Civic now completed

Canberra's newest office building, Civic Quarter 2, is being referred to as a "landmark project" by the Colliers team as they delivered on its practical completion this month.

New ‘missing middle’ developments at Ginninderry, Googong

Rawson Group is helping fill the Canberra region’s ‘missing middle’ housing options with the launch of new developments in Ginninderry and Googong, designed to reflect the requirements and styles of each suburb.

Build-to-Rent developments will soon include affordable rentals

The ACT Government is inviting proposals from stakeholders to include affordable rentals in a new or existing Build-to-Rent development.

Tuggeranong among areas most affected by housing supply

New analysis has determined Tuggeranong to be amongst the 11 regions most impacted by the housing supply crunch across the country.

$6.4 million mansion smashes suburb price record in Yarralumla

A new suburb price record has been set in Yarralumla by a $6.4 million palatal residence in an auction that was so hot the atmosphere was “electric”.

ACT minimum rental standards for ceiling insulation will ‘save lives’

The ACT Government will be implementing minimum standards for ceiling insulation in rental homes in Canberra from 1 April 2023.

The Hunter hits the property market in Woden

The latest Woden precinct development, The Hunter, has officially hit the market with property hunting Canberrans able to register their interest.

Tenancy laws may have cyber security flaws

The vast amount of sensitive personal information that real estate agents and landlords collect is of “significant concern”, according to UNSW Sydney.

SLA launches display village in Whitlam

The SLA's Whitlam display village is officially opened, established to “showcase the SLA’s commitment to creating thriving communities”.

Housing values fall again in October

Australia’s housing downturn broadened in October with every capital city and almost every state region recording a drop in housing values.

Spotlight on Canberra’s 5 best suburbs for 2023

The McGrath Real Estate Report predicts Canberra's 5 best suburbs for 2023 - from Forde in the north to Woden in the south.

House prices in Canberra drop in fastest decline on record

Canberra’s house prices have taken the largest fall on record, currently down 5.8 per cent and around $70,000 below the December 2021 price peak.

A tour of Canberra’s latest airport development: 6 Brindabella

Soaring ceilings, café catch-up spaces, and expansive windows are all on offer at Canberra’s latest Airport development; 6 Brindabella Circuit.

Southwell family unveils Yass’ biggest office with charity auction, mascot, Highlander cow

Generosity and dollars flowed for Boorowa Rugby Club player Nathan Stapleton at the official opening of the Ray White Rural Canberra | Yass | Murrumbateman office in Yass on Friday 14 October.

REIA: ‘Obvious’ that private sector leads affordable housing

The AHURI's latest report investigates the private sector’s involvement in social and affordable housing – and the findings may not surprise.

Endeavour House in Griffith offers prestigious investment opportunity

Endeavour House in Griffith has hit the commercial property market, offering buyers the opportunity to acquire a prime corner site in one of Canberra's most prominent inner south land holdings.

Canberra’s first Build-to-Rent site in Turner hits the market

Canberra's first Build-to-Rent (BTR) site in Turner was released onto the market for sale today, which the ACT Government says will deliver more rental properties and housing options for Canberrans.

Geoscience Australia HQ sold in ACT’s largest commercial property sale

Canberra has had its biggest commercial property sale in history with Charter Hall acquiring Geoscience Australia HQ for $363.5 million.

Tuggeranong Homeworld sells for $46 million, almost 50% price growth

Tuggeranong Homeworld at Greenway has been sold for $46 million, an almost 50 per cent increase on its purchase price eight years ago.

Canberra’s rental market will ‘get worse before it gets better’

Renting in Canberra remains a daunting and difficult endeavour, with rents for both houses and units rising to new highs last quarter and remaining the most expensive in the country.
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