27.5 C
Canberra
Sunday, February 28, 2021
Local Liquor
Local Liquor

Tag: ACT property market

The changing face of real estate: Weekly market wrap with Sam Dodimead

The changing face of real estate. Since the invention smart phones, social media and the internet have become entrenched in our lives.

More positive auction results: Weekly market wrap with Sam Dodimead

Strong auction results during the week ending 14 February saw CoreLogic report a preliminary auction clearance rate of 91.23% for Canberra.

Increased buyer demand: Weekly market wrap with Sam Dodimead

In January 2021, stock levels tightened significantly, increasing pressure for buyers to act decisively.

Strong start to the year: Weekly market wrap with Sam Dodimead

On Saturday 30 January, Canberra recorded the highest capital city preliminary auction clearance rate nationally at 84.4%.

Multi-unit dwellings: Weekly market wrap with Sam Dodimead

According to CoreLogic’s Housing Index, Canberra multi-unit dwellings increased in value by 4.09% in 2020.

Demand outstripping supply: Weekly market wrap with Sam Dodimead

Demand outstripping supply in the capital. Canberra is positioned for a critical shortage of housing as the number of properties listed for sale plummets.

2021 looks ‘incredible’ for property owners: Weekly market wrap with Sam Dodimead

The population of Canberra has done a tremendous job maintaining negligible infection rates of COVID-19. This has allowed most residents to enjoy living in a relatively normal state with residential property owners,...

Strong auction results: Weekly market wrap with Sam Dodimead

On Saturday 12 December, Domain reported Canberra recorded a preliminary auction clearance rate of 89%.

Residential property on track to deliver exceptional returns: Weekly market wrap with Sam Dodimead

Values of units increased by 2.5% and houses 3.5%. These rates show residential property in Canberra is on track to deliver exceptional returns to owners.

HomeBuilder scheme extended: Weekly market wrap with Sam Dodimead

The Federal Government has announced an extension of the of HomeBuilder scheme for a further three months to 31 March 2021.

Auction clearance rate down: Weekly market wrap with Sam Dodimead

In a sign our property market is not invincible, Domain reported Canberra recorded a 73% preliminary auction clearance rate.

Buyers pay the price: Weekly market wrap with Sam Dodimead

As demand increases, buyers pay the price for delayed decisions. During October, Canberra experienced an 8.4% increase in new listings.