Canberra Housing Market : Storms Or Sunshine Ahead In 2024? | Senior Research Analyst Unveils Truth
🛑 Canberra Housing Market : Storms Or Sunshine Ahead In 2024?
Senior Research Analyst Unveils The Truth Behind The Canberra Housing Market
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🎬 Canberra: Underpinned by a solid public-sector-dominated job market and high household income, the nation’s capital has always been known for its high property prices.
Over the past two decades, Canberra’s house price has never lost its place in the Top 3 Most Expensive Capital Cities, except in 2012-14 when Perth and Darwin’s prices peaked.
Canberra’s house prices surged dramatically during the pandemic property boom, up by 47% in 2 years from June 2020 to June 2022, even higher than Sydney’s 42%. Just like Sydney, it went into decline in late 2022 as interest rate hikes began. However, unlike Sydney, which has been recovering for a year now, Canberra’s house prices are still stagnant.
In today’s video, Junge Ma, Senior Research Analyst at InvestorKit, dives into Canberra’s housing market data and explains exactly what is happening in the nation's capital.
✅ GET THE 10 CHARTS YOU SEE FROM THIS CANBERRA VIDEO HERE:
"Market Pressure Review: Canberra in 10 Charts" 👇
www.investorkit.com.au/blog/market-pressure-review-canberra-in-10-charts/
Chapters:
00:00 - Canberra Property Market Introduction
01:09 - Chart 1 - Canberra Market Performance Metrics
02:22 - Chart 2 - Canberra Migration Trends & Population Growth Rates
03:03 - Chart 3 - Canberra Unemployment Rate Trend
03:44 - Chart 4 - Canberra Median Price & Sale Day's On Market
04:09 - Chart 5 - Canberra Demand Vs Supply
04:42 - Chart 6 - Canberra Long-term New Supply Trend
05:10 - Chart 7 - Canberra Long-term Price Trend
06:10 - Chart 8 - Canberra Median Rent @ Vacancy Rate Trend
06:30 - Chart 9 - Canberra Rental Yield Trend
06:54 - Chart 10 - Canberra Long-Term Rental Price Trend
07:58 - Canberra 2024 Forecast
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Disclaimer: The information provided in this podcast is general in nature and should not be considered as personal financial advice. The podcast host, guests, and contributors are not licensed financial advisors. Please seek professional financial advice that is tailored to your situation and circumstances before making any financial decisions.
#CanberraProperty #CanberraHousing #PropertyInvestment #Canberra
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