"we are not forecasting any positive growth in the Canberra housing market over the next couple of years"

if people still want to invest in Canberra, he says “definitely avoid apartments”.

Because the average quality of apartments built in Canberra is so questionable?

BelcoMan said :

NoImRight said :

Awesome! We can now play our drinking game again. Shot every time someone says “bubble” or rants about negative gearing and/or Govts manipulating the market too much or not enough. Might have to add every post someone makes a generalisation about either where they live or where others live as if no one else could possibly have seen the area.

I think you are right here as you don’t have to kneel down to be triumphant in this market.

I do believe the generalisations have already been made which probably suits those living in the “perceived lower socio-economic” areas. Let the haters hate or is it just people afraid of what they don’t understand? UFO’s etc?

I dont think we need to tell people to get on their bikes just yet. A simple Canberra ride around would show you a forum with very little left to say. Maybe you have your own drinking game ?

NoImRight said :

Awesome! We can now play our drinking game again. Shot every time someone says “bubble” or rants about negative gearing and/or Govts manipulating the market too much or not enough. Might have to add every post someone makes a generalisation about either where they live or where others live as if no one else could possibly have seen the area.

I think you are right here as you don’t have to kneel down to be triumphant in this market.

I do believe the generalisations have already been made which probably suits those living in the “perceived lower socio-economic” areas. Let the haters hate or is it just people afraid of what they don’t understand? UFO’s etc?

Awesome! We can now play our drinking game again. Shot every time someone says “bubble” or rants about negative gearing and/or Govts manipulating the market too much or not enough. Might have to add every post someone makes a generalisation about either where they live or where others live as if no one else could possibly have seen the area.

KB1971 said :

milkman said :

Queanbeyan (and Jerrabomberra) represent far better value than most Canberra suburbs.

How so? Most of Jerrobomberra is more expensive than say the Lanyon Valley, no real difference in the quality or type of homes. It really is no better, in value or choice.

Queenbeyan? Well its has a lot of cheap housing, not necessarily “value for money” though.

Uh, closer to the city than Lanyon vally, larger blocks, nicer homes, established trees and gardens…

milkman said :

Queanbeyan (and Jerrabomberra) represent far better value than most Canberra suburbs.

I just saw an ad for a cute weatherboard in Q going for well under $400,000 (asking price) on a decent block.

So if you were looking to buy now, yes, this would be much better value and much more attractive than Crace.

Incidentally, has anyone seen the print ads for Googong? I quote a little:

‘We are glad, far from sad, we’re not smug…well just a tad.
Because we’re proud Googonians.’

Apparently that should be sung to ‘Along the Road to Gundagai’. I don’t know why.

KB1971 said :

milkman said :

Queanbeyan (and Jerrabomberra) represent far better value than most Canberra suburbs.

How so? Most of Jerrobomberra is more expensive than say the Lanyon Valley, no real difference in the quality or type of homes. It really is no better, in value or choice.

Queenbeyan? Well its has a lot of cheap housing, not necessarily “value for money” though.

Does it have any good areas except for Jerra?
They give a good discount on stamp duty and a decent 1st time buyer allowance over in NSW, but i guess people just add that to their selling price like they do everywhere else that offers a Government incentive?

milkman said :

Queanbeyan (and Jerrabomberra) represent far better value than most Canberra suburbs.

How so? Most of Jerrobomberra is more expensive than say the Lanyon Valley, no real difference in the quality or type of homes. It really is no better, in value or choice.

Queenbeyan? Well its has a lot of cheap housing, not necessarily “value for money” though.

Queanbeyan (and Jerrabomberra) represent far better value than most Canberra suburbs.

justsomeaussie said :

p1 said :

why would people be any likely to look to Shelbyville Queenbeyan then anywhere else?

Well that’s the point isn’t it! You can have an 8 minute drive to Kingston from a house/apartment in Queanbeyan that’s comparible to plenty of other areas in Canberra for it’s *niceness*.

Simply do the math. The fact that you said “Shelbyville” is perfect for investors because it means that quality affordable houses and apartments can be bought in Queanbeayan because Canberra people still think that way. In ten years it will be looked on like many suburbs in Sydney that went from bad to good areas.

“do the math” from justsomeaussie – anyone else find that slightly amusing?