M:
Research
Winter/25 Canberra Residential
The Big Picture Aimed at boosting economic activity, recent interest rate cuts have also encouraged banks to adjust mortgage lending rates lower, which will support more homebuyers in the Canberra market.
Although property prices have softened, early signs of recovery are emerging, supported by stabilising buyer sentiment with improving affordability and the expectation market conditions will strengthen.
Slower sales are being experienced as more listings come to market, with some buyers remaining cautious due to tightened lending conditions and forecast downward pressure on interest rates.
Rental conditions remain challenging for tenants while residential vacancy remains low. Rents are likely to remain elevated until housing supply improves.