Canberra house prices record steepest annual fall in a decade: Domain data

Canberra house prices have experienced the first annual fall in more than six years, with the median house price declining at a faster rate than units. The latest Domain House Price Report, released on Monday, showed Canberra house prices have dropped 2 per cent year-on-year to a median of $722,440 over the March quarter. The median unit…

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Work, rest and play: High buyer demand for Canberra homes with lively recreational offerings

Mixed-use developments have ridden a wave of popularity over recent years that shows no signs of slowing. Kingston Foreshore, Braddon, Campbell 5, NewActon, Gungahlin Town Centre and Greenway have demonstrated the appetite for precincts where people can “work, rest and play”. Albert Stavaruk of Peter Blackshaw City & Inner North says a combination of factors…

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Buyer beware: Warnings of ‘rorts’ for new apartment buyers

It’s been branded the biggest new rort in apartment living: a way of locking unwary new unit owners into expensive long-term contracts to pay for basic services the developer of the building should have provided. Instead of paying to install the necessary building infrastructure, such as gas, electricity, water, stormwater filtration, heating, airconditioning and internet…

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