Episode Details

Canberras housing market is experiencing a significant shift, with apartments now leading sales. Homes for sale have surged by 53% from last year, and apartments account for 44% of those deals, up from 34% last year. This trend places Canberra second only to Sydney nationwide, where attached homes make up 48% of sales. Experts attribute this change to sky-high house prices, making units more affordable for first-time buyers and young people. The demand for apartments is evident in Belconnen, where sales have tripled in the last March quarter, with 88 units sold. This trend suggests that Canberras apartment scene is evolving, and prices are likely to rise soon.

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