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Not sure. I work in the public service and no one I know is particularly concerned about job cuts. Houses are still selling quickly in this area - perhaps the renters are buying. I watch the west Belconnen market quite closely. When I wrote my initial post a couple of months ago there...

Have noticed a definite change since i wrote my last post. Houses still selling quickly and not a lot of price difference, however have noticed a big difference in the number of vacant rental properties and rents dropping slightly as a result.

Canberra is humming along nicely at the moment. Has been a definite price rise in the suburbs I've been watching. Also noticed less stock available (both to buy and rent). Of course the election result is likely to have some impact on the market here, so just waiting to see what happens.