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Canberra records first property tremor in three years but is a quake looming?

Canberra has just experienced its first monthly property price decline in three years and there are signs emerging that further headwinds await the nation's capital.

Aerial view over Canberra
Rental yields are still attractive but buyer activity and prices are on the slide in the nation's capital.

Canberra, Australia’s second most expensive property market behind Sydney, has experienced nearly three years of unbroken growth but the first tremors have observers wondering if a quake is imminent.

The Australian capital has been a reliable vehicle for capital growth but has recorded its first monthly decline since July 2019.

The latest CoreLogic Home Value Index showed that Canberra joined Sydney

and Melbourne as the only capitals to decline…