I’m fairly new to Canberra and would like to get people’s views on good value suburbs for real estate. Would also be interested in not only the ‘cheap’ suburbs but what they are like in general. We all know that cheap suburbs are cheap for a reason, but I’m more interested in those suburbs that present good value (i.e. relatively cheap now, but likely to be sought after in the next 10 years or so…). I’m from Brisbane and I remember in the 90s, the suburbs surround Fortitude Valley over there such as Newfarm, were looked down upon… but now it’s become very much sought after and property has skyrocketed, even despite the recent downturn.
The March 09 issue of AFR Smart Investor lists the following Canberra suburbs as the top 10 best value for money suburbs:
Would be interested in your thoughts…