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. “There wouldn’t be a huge amount of people in other capital cities that choose to invest in Canberra.”
He believes Sydney is the best option for investment but if people still want to invest in Canberra, he says “definitely avoid apartments”.
* Google the headline to get around the paywall.