21 February 2015

ACT & Queanbeyan Weekly Property Market Wrap

| Allhomes
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allhomes

The below real estate market snapshot has been compiled based on the last week’s activity throughout Canberra and Queanbeyan. Percentages represent the increase/decrease from the previous week.

SALES

  • Highest Sale: $3,022,000
  • Lowest Price: $171,000
  • Average Sale Price: $581,730 (+ 11.15%)
  • 2,546 properties currently for sale
  • 67 sales properties had price reductions
  • 92 properties went under offer
  • 92 properties SOLD!
  • 163 properties have come onto the market
  • 18 properties up for auction this coming weekend

RENTALS

  • Highest Rental: $795 per week
  • Lowest Rental: $180 per week
  • Average Rental Price: $412 (- 1.90%)
  • 3,531 properties currently for rent
  • 293 rental properties had price reductions
  • 315 properties RENTED!
  • 415 properties have come onto the market

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pepmeup said :

Huge numbers of properties listed in both the for sale and for rent markets. More new properties listed in both than sold or rented. It sure is a buyers/renters markets. Who would be buying investment apartments in Canberra at the moment?

“Who would be buying investment apartments in Canberra at the moment?”
Very few people from Canberra I expect.

Huge numbers of properties listed in both the for sale and for rent markets. More new properties listed in both than sold or rented. It sure is a buyers/renters markets. Who would be buying investment apartments in Canberra at the moment?

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