Property investment in Canberra

Property investment in Canberra

Posted on November 18, 2020 by Mirren Property Investment

Median house price: $705,000
Median house rental value: $570 per week
Gross rental yield: 4.3%
Transport: car, train, bike
Population: 457,000
State: ACT
Size: 814.2 square km

Canberra home values remained at a record high in September 2020.
(Source: CoreLogic)

Canberra is the capital city of Australia, located at the northern end of the Australian Capital Territory and is Australia’s largest inland city. Canberra has consistently produced rental market gains for the past 15 years.

Canberra is said to be derived from the word, Kambera or Canberry, which is claimed to mean “meeting place” in an Indigenous language, it is the home to important institutions of the federal government, national monuments and museums.

Considering it is a Capital City, the rental prices are just slightly below when compared to Sydney, whereas the property prices are far lesser, contributing to higher returns.

Canberra has a size of approximately 814.2 sqm and is the hub for the largest flower festival in the Southern Hemisphere – Floriade.

The median sales prices of houses in the area is $705,000, while the median house rent value is $520 per week. Both houses and units have good demand. The gross rental yield for houses comes to about 4.3%.

Investors enjoy one of the lowest rental vacancy rates, which is one of the significant advantages of investing in Canberra.

Employment and Population

The ACT has recorded consistent growth in population over the years with the recent figures coming to 457,000.

The ACT has a strong labour market, with a shallow unemployment rate of about 3.9 per cent, which is even lower than the NSW average.

Enterprise is high along with most employment by the Federal Government, both directly and indirectly.


Canberra is a great place to live with ample job opportunities, and overall peaceful lifestyle, minimal traffic jams and a large selection of amenities.

With sunshine enjoyed over 246 days a year and with many open spaces bike tracks and parklands across ACT, Canberra is well known for its pleasant environment.

The connectivity is excellent with good roads and public transport, including the Lightrail completed in 2019.

Also called ‘University Town’, it is the city with the highest educated residents in Australia. Home to six university campuses with 63000 tertiary students from around the world;

  • Charles Sturt University, Barton
  • Australia National University (ANU), Acton
  • University of New South Wales, Campbell
  • University of Canberra, Belconnen
  • Australian Catholic University, Watson
  • Australia National University Medical School, Garran
  • Being a relatively small city, it hosts the third largest student population in Australia.

With great affordable property prices, business enterprise & public sector job opportunities on the rise, Canberra is a great Property Investment opportunity.

We can work with you to create a profitable investment strategy and find a cash flow positive investment property in Canberra.

Contact us on (02) 8814 5275 or at here for a complimentary consultation.

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