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Property News

ACT residential hotspots identified in new industry report

April 16, 2012

Making a sound financial decision is a large part of any homebuyer's checklist, with good resale potential kept firmly in mind.
With residential property, there are a number of factors that have been noted to play a part in this future measure of value.

For the ACT, a new industry report has shown that several developments are likely to play a key role in keeping upward pressure on homes over the medium term - and potentially beyond.

In a joint study by the Housing Industry Association (HIA) and Jeld-Wen, the Population and Residential Building Hotspots report published on April 13 clearly shows that Canberra City and Kingston are places to watch.

In fact, the central district claimed the top spot in the country, with figures showing that it enjoyed a sound mix of population growth, established infrastructure and ongoing residential developments.

Meanwhile Kingston ranked sixth nationally, placing the suburb high on the list for buyers as a desirable location that could help retain and build value in the future.

HIA's chief economist Dr Harley Dale asserted: "The prominence of these two regions in the latest Hotspots list highlighted their potential for further out-performance."

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