General
Canberra house prices continue to climb throughout COVID-19 pandemic, as supply hits five-year low
Jared Dent’s tenants were moving out of his investment property and he was thinking about selling.
When he saw what was happening to the market in Canberra, his mind was made up for him.
Key points:
- House prices have risen 3 per cent in Canberra since the onset of the pandemic
- CoreLogic data shows employment and population in the capital have been relatively unaffected
- A five-year low in listed properties is also causing homes to sell quickly
According to CoreLogic data, house and unit prices in the ACT have increased by 3 per cent since the onset of the coronavirus pandemic.
It came as a surprise to Mr Dent, who was thinking about selling his investment property in Downer in Canberra’s north which he bought a decade ago.
“We looked at…
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