Canberra’s real estate selling conditions over the December quarter saw a decline in housing values in all 83 suburbs analysed in CoreLogic’s latest report.
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. Â
Canberra’s house prices have fallen across the 2022 June quarter, but rising interest rates and inflation continue to impact affordability, according to the latest REIA Real Estate Market Facts.
The ACT’s total value of house sales profit in the March quarter has risen to an astonishing record of $614,235,830, according to CoreLogic’s latest Pain & Gain Report.
For a young Australian, the chances of buying your first home in a capital city is increasingly highly improbable, and rates of homeownership have sharply declined.
