Australia’s capital city, Canberra, is one of the most secure economies in Australia and continues to grow rapidly, as it evolves into an increasingly vibrant modern city.
It currently boasts one of the most dynamic property markets in Australia.
If you’re a seasoned investor seeking to expand and diversify your property portfolio, Canberra has consistently proven to be one of Australia’s most intelligent investment locations – boasting vacancy rates less than 2% and the lowest stamp duty of anywhere in Australia, which is payable on completion of the project and claimable in the first year if you're purchasing off-the-plan.
The city and its surrounding suburbs offer investors the potential to achieve an impressive 7% rental return, off the back of $3 billion in infrastructure and improvements committed to the Canberra region – as well as the established university and government communities. These are just some of the reasons Canberra’s rental returns will remain the highest in Australia.
Expanding and diversifying your property portfolio with an off-the-plan opportunity in Canberra brings with it a number of exclusive, unique benefits.
The Canberra property market boasts multiple attributes that make it attractive for savvy investors, with ensured stability and longevity, including:
- Australia's number 1 ranking university, with 5 world ranking universities
- Strong rental market with high rental yields
- Potential to achieve 7% rental returns
- Low rental vacancy rate at 0.8%
- 2% annual population growth projected
- $3 billon committed to infrastructure and growth
- No foreign purchase stamp duty surcharge
- Home to over 50 Federal government agencies and
25,000 private companies
There are a number of new developments being built in Canberra, providing investors with a great opportunity to make the most of the Government's incentives for buying new homes, off-the-plan.
Aspen Village: Construction at Aspen Village is now underway, with ground broken in August to deliver the project by early 2022. The entire project will be delivered in one stage, bringing almost 600 apartments and about 1500 new residents to the shores of Lake Tuggeranong in Canberra’s far south.
Nightfall: Situated in Belconnen’s most highly-regarded new development – the Republic Precinct, Nightfall is set across 22 levels, grounded by a collection of desirable retailers.
The Establishment: Set to be Gungahlin’s most lively new urban community, The Establishment is a premium collection of 1, 2 and 3 bedroom and loft apartments, ideal for urban professionals, young families and discerning investors.
The ACT's impressive market strength is bolstered by the committed infrastructure and improvement spending and the lowest stamp duty in the country – so forward-thinking developers are investing extensively in the region, creating investment opportunities for those hoping to make the most of the many Government incentives available when you purchase new and off-the-plan.
Canberra has proven to be an attractive property opportunity for investors seeking growth, value and security.
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