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Yep - experienced this 3 years or so ago. I think Canberra home owners are more likely to have buffers in place than some other cities - so hopefully most people can absorb rental falls quite easily.

Out of interest, i recently saw a property purpose built for what your doing rohan. The place had 4 bedrooms, each with their own ensuite - a common living/laundry/kitchen. The beauty was - each bedroom had its own NRAS grant. Thats $8000 per year RTO, for each bedroom. Absolutely...

There's a huge market for this in Canberra - in/out city creates demand for this type of rental dwelling. Well done Rohan, those yields are great. A large proportion of my mates are sharing in Canberra. The rents dont fall so much when your sharing...as a tenant, i dont think they care as...

Great info - thank you.

Amazing day outside - its pretty good after 10am i find... before then its pretty cold, at least in my apartment. Definitely respect those that can go for morning runs.

I love the enthusiasm - really do wish i could share it. Its very very cold in the morning at my place!

I think its a supply and demand issue, rather than build type. Supply of 3/4 bedders is everywhere in Cbr. E.g. anyone with a 2 bedder near Sydney CBD could move out to a 7 bedder mansion out in Ctown and pocket loads of cash. But everyone has their own way of working out value. One...

Haha i bet! Only a month or so to go before it warms up! :)

Thanks property_girl. Appreciate it.

Yep - pretty sure bridgepoint is the last one on the northern side that's currently built. I think its known as the highest quality building @ the Foreshore. Is that one with building issues??

Hmm the price + lifestyle is getting me attracted (as well as partner being a FHB). 500k will get you a 1br+study on the water, above jettys, overlooking mountains in a glamour building. Talk about style. Suits me to the tee compared to much of Cbr. OTP in Cbr would usually make me run the...

Completely agree Marcfranc. I just spent the day there, it is pretty perfect and quite spectacular on a nice day. Are you looking at the Pier development?

Yep, I think its more around fiscal/budget challenges for Australia, rather than Government of the day. In good times (surplus/smaller deficits), public servants generally have more to do. In tightening fiscal times, public servants are often the low hanging fruit for semi popular cost...

Haha this feels like my experience. I moved down to Canberra 3 years ago, and found it all a little to slow, but has grown on me big time. Although I am still in Sydney almost every week, Canberra has very much become 'home'. Harro: I can see your point about investing. But in every...

This. Canberra is the most liveable capital city on the eastern part of Australia. I don't know much about Perth/Adelaide - so I wont say the entire of Australia. I walk around Sydney and you can see, feel, and sometimes even hear problems around you. The standard of living in...

Hmm interesting perspective Geoffw. It feels like the rent drop off was more sudden than a slow drop-off? Noted. Thanks. Must admit, this thread is quite worrying. My partner and I were getting quite dreamy eyed (emotional purchase) over a potential lifestyle there in the next few years.

Yikes. Thanks. Will dig deep into builders rep thoroughly if I (or anyone I know) decides to purchase.

Style over substance perhaps? Or maybe its just the coffee. Its probably enough to swing me! IMO its got a different buzz to it when compared to the other parts of Canberra. Given that much of the population are from other cities in Australia originally, they may find it more familiar to...

Really?! I did not know any of that. Thank you heaps for sharing. Haven't thought too seriously about buying a PPOR in Canberra, but if i did, that'd be where i'd go. A few of my friends rent there and haven't mentioned anything you've noted. Definitely has less nature strip to it, a...

Interesting. I haven't noticed the valuation issue up in Gungahlin area so far, but its good to know. Not surprised given the supply issues up there. Thanks Kassy.