Canberra stamp duty changes provide incentive to 2024 investors
While Canberra has not enjoyed the recent growth of larger capital cities, stamp duty, zoning changes and its relative affordability are bringing it to the attention of property investors.
Casey, Canberra, has a fast growing population dominated by professionals and a median property price around the $1 million mark. (Image source: Block Real Estate)
Canberra’s sluggish housing market is biding time for now, but government incentives kicking in this month are intended to boost density and will create new opportunities for investors.
Supply issues are prevalent, buyer sentiment is cautious, vendor discounting has increased and affordability, particularly in the lower quarter of the market, is described by experts as prohibitive.
These symptoms of a growth slowdown are reflected in CoreLogic …
