Does anyone have any insight on how the light rail might affect property prices around stations?
We own a property within a two-minute walk from one of the planned stations. We are not confident that Canberra is a good place to invest and hence would like to sell in the near future. We’re not in any financial difficulty and realistically can wait several years, but at the same time see no reason to keep it. Just looking for the best time to sell within maybe the next two years.
In the four years we’ve owned it, we have asked the opinion of several agents and (unsurprisingly) 100% of them say “now” is the best time to sell. Why not? They obviously want to make a sale. So, we’ve come to realise that we will never get an objective and independent outlook on the property market by talking to a real estate agent. Hence why I’m here.
What do you think, Rioters?