The Australian is running with* the advice of one Tim Coates who sees a quiet time over the next few years for the Canberra housing market due to the glut of apartments coming onto the market:
“People always tend to invest in areas they understand — some invest within 20km of their family home,” he says. [...]
The Property Council has some good news if you’re thinking about renting an office in Canberra over the next few years:
The office vacancy rate in Canberra rose over the six months to January 2013 due to an increase in supply, with all vacancy across all grades of space above 11 percent, according to the latest [...]
In a speech to over 200 industry representatives at a Property Council function held on 21 June 2012, ACT Treasurer Andrew Barr said:
“Today I can announce that the Government will waive commence and complete fees for commercial, mixed use and multi-unit residential developments. Commence and complete provisions will now only apply to the construction of [...]
Hello fellow ACT rioters,
I plan to sell my property for the first time soon, so this query is for those property owners/landlords who recently sold their properties through a real estate agent.
What are the common commission and charges around at the moment?
Is it worth using a real estate agent or is it better to sell [...]
Hello fellow rioters.
This query is for those investors/landlords who lease out their properties through a property management agency. What are the common rates and charges going around at the moment.
Is it worth going through a property management agent or is it better renting out by yourself? Any advice/suggestions is much appreciated.
Liberal leader Zed Seselja is banging the drum on housing affordability:
The number of ACT dwellings approved for building has plummeted by 60 per cent in trend terms since June 2011, while the average cost of a median priced home in Canberra has skyrocketed to the nation’s highest at $505,000. This comes after information obtained [...]
I want to find out where my property boundaries are at our house and understand that I’ll need a surveyor to do this. We’re looking to extend our home and knowing where the boundaries are and what the laws are about how close you can build to them would be useful in the design stage.
Joy Burch has announced that designs for the Northbourne Flats redevelopment are on public display in Garema House on City Walk.
If you venture down there in person (in the manner of your ancestors) you can vote in a people’s choice ballot.
Earlier this year Ms Burch announced a national design competition to redesign the [...]
Well look at that.
The Canberra Times reports that median property prices in the ACT fell 2.8% in the past 12 months.
Markets are at their most dangerous when there are idiot investors who believe prices can never go down, because that belief leads them to over-leverage.
Canberra has sadly been afflicted by vast numbers of such idiots [...]
Andrew Barr has unveiled significant changes to the way land is controlled in the ACT:
the Government has opted for a model that retains the independent expertise and commercial focus provided by the LDA Board while closely integrating the activities of the Land Development Agency (LDA) and the Economic Development Directorate (EDD). These arrangements aim to [...]
The Economic Development Directorate has triumphantly announced that they’ve flogged off 35 hectares of Ngunnawal for $36.25 million.
Spirited bidding by 11 registered parties representing both local and interstate companies has seen a 35.14ha site in Ngunnawal sell for $36.25 million.
The site is 18 kilometres from the CBD and only four kilometres from the Gungahlin [...]
Land And Property Services have published their Indicative Land Release Programs 2011-12 to 2014-15.
Here’s the nub of it though:
Jon Stanhope has announced that the Harrison and Franklin blocks on Flemington Road have been sold:
Spirited bidding by 15 registered parties has seen the sites sell for a total of $12.3 million.
Three of the sites permit the development of multi-unit housing, restaurants, shops and non-retail commercial uses, with the blocks ranging in size from 6,318 [...]
For those of you who missed it, the ABC released an article last Monday on declines and rises in the ACT housing market.
Reportedly, home values plunged by 4% whilst units increased by 4% in the 3 months to January. Perhaps an indication of preferences moving away from the traditional suburban standard? Who knows.
At the very [...]
Traditionally this is the toughest time of year for people searching for a rental property, with the influx of DFAT, Defence and other posted people, as well as a large contingent of students putting a lot of pressure on the market.
In a market where the rental prices are already uncomfortably high, this added pressure just [...]
There are many problems with public transport that could be resolved with a reasonable amount of effort and expense. However, there is one major problem that would take several generations, a great deal of political will and the expenditure of billions of dollars to fix.
I am going to use Action buses in Canberra as an [...]
We have a neighbour who has all sorts of junk in his front yard including an old truck piled with stuff, falling down old timber scaffolding and grass a meter tall. We live near a creek and already have a problem with rats and mice invading no matter what we do to stop it [...]
The Liberals’ Zed Seselja is pointing out new research showing just how high rental prices have come in this town of affordable housing plans:
The latest RP Data figures on rents in major cities shows the squeeze for housing continues in the ACT with rents increasing by four per cent in the last quarter to an [...]
The Canberra Times has a muddled story both bemoaning that many workers in Canberra are choosing to live elsewhere than pay the extortionate rates, and at the same time noting that there’s finally capacity in the market:
The boosted first-home owners scheme has helped people vacate rental accommodation, investors have returned to the market and [...]
I know that the budget is stressed and that Jon has maxed out the ACT credit cards but crikey!!!
I purchased an investment property in the New Acton development and immediately received a Land Tax notice for $100,000.00 representing about 40% of the value of my investment.
When I made enquiries with the revenue office [...]
At the risk of attracting flames for posting yet another “where’s the best….” thread, (and yes, I have used the search button but would appreciate hearing some recent experiences) I’d like RiotActer’s recommendations for a decent agent to sell our Gungahlin house. We’ve found the place we want to move to and need to sell [...]
The Canberra Times is reporting that $4.5 million apartments with some of Canberra’s best views are selling off the plan.
Located on the northern shores of Lake Burley Griffin, The ApaRTments will form part of the Molonglo Group’s $350 million NewActon urban village which is partly completed and preparing for the 18-storey tower construction.
Apparently Canberrans are [...]
Local ACT government has always had a miniscule revenue base to finance the running of the Territory. We don’t have the industry,mining or agriculture bases of the states, and are unable to levy payroll tax on the Federal Government.
As a result, property is taxed to the hilt, with a range of innovative taxes and levy’s [...]
Just returning from a property auctions evening where only about a fifth were sold, the rest passed in, with quite a few not even attracting a single bid. A very stark contrast to one held just last month when everything on offer was lapped up after very brisk bidding.
Is this just a minor pre-easter hiccup or is the ACT property market [...]