The Australian Property Monitors (APM) house price report for the March quarter puts Canberra at the bottom of the capital cities, with the greatest drop in median house values of 2.6% (closely followed by Hobart with -2.5% and of course trailing the ever blazing Sydney on +3%). This does however follow a 1.2% increase in the December quarter.
APM’s Senior Economist, Dr Andrew Wilson described Canberra’s market as ‘subdued’ – full of plenty of people watching and waiting to see how many axes will eventually fall on local jobs and impending reactions I’m sure.
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