A.C.T. bucks the housing trend
Interesting read in the Canberra Times today that Canberra house prices are on the rise despite a decline in other Australian Capital Cities.
Also released data from the past 10 years indicating where you would have found the best capital gain in the A.C.T.
The top performing suburb over ten years was Mawson (where units grew 73.6%, lifting the average median value from $288,983 to $501,556).
The next best performer was houses in O’Connor, with a 70.8% ten year change in values, from $620,447 to $1,059.701 (which also represents ACT’s top median value in 2018). Third place went to houses in Downer (60.7% growth). Looking beyond the percentages, while the top median value in May 2018 for ACT went to O’Connor’s houses, the highest median value for ACT’s units were in Canberra city ($569,598 from $426,135 ten years beforehand).
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