All property coverage from Canberra.
New affordability data shows ACT tenants are forking out near-Sydney rents while first-home buyers face a purchase market that makes Geelong look like a bargain.
A 22-storey residential development approved for the city centre is set to add 180 units to a market that has barely kept pace with demand for three years running.
Once defined by car yards and concrete, Mitchell is drawing a new generation of buyers priced out of Braddon and Dickson — and the numbers are starting to reflect it.
With the ACT vacancy rate hovering near historic lows and median weekly rents pushing past $650, both tenants scrambling for a roof and landlords managing rising costs are caught in a market that's running short on easy answers.
Empty-nesters are quietly reshaping pockets of the inner south and north, snapping up townhouses and low-maintenance units while families wait in vain for that family home to hit the market.
The ACT Planning Authority has green-lit a 14-storey development on Cowper Street that will bring apartments, ground-floor retail and coworking space to one of Canberra's busiest inner-north corridors.
A new affordability crunch is forcing ACT tenants to weigh whether staying in Canberra's tight rental market still makes financial sense against buying in regional centres.
Gross rental returns in the ACT are sitting below the national average, yet a tight vacancy rate and stable public service demand are keeping landlords in the game.
With ACT median house prices sitting at $835,000 and rents still cheaper than mortgage repayments, a growing number of Canberra workers are choosing to lease where they live and invest where they can actually afford.
A significant approval for a $340 million residential and retail development between Dickson and the CBD signals the Territory's biggest inner-north planning commitment in years.
Suburbs hugging the lake's northern shore are recording price growth that is outpacing the broader ACT market, and buyers are starting to notice.
A proposal before the ACT Planning Authority would open up a stretch of Dickson to mid-rise apartment development, and residents have until September to respond.
A proposed rezoning through the ACT Government's Housing and Planning Review could reshape the inner-south suburb of Fisher, and buyers who move early may be the ones who benefit most.
With vacancy rates near record lows and median house prices sitting above $835,000, tenants facing lease expiries in the capital are caught between an unaffordable purchase market and a rental pool that has almost nothing in it.
Canberra renters are blowing past the long-accepted affordability threshold, and the gap between renting and buying has never been harder to close.
The inner-north suburb sitting beside the Australian Institute of Sport is posting gross rental yields above 5.8 percent, outpacing every other ACT postcode tracked this quarter.
A proposal to reclassify a swath of single-dwelling blocks along Scullin's Kuringa Drive corridor would open the door to medium-density townhouses and unlock one of Belconnen's last underused residential pockets.
With Canberra's median house price sitting at $835,000, the ACT Land Rent Scheme is quietly reshaping who can afford to buy — and delivering yields that are drawing fresh scrutiny.
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