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  1. Redom

    Thoughts on Canberra and the ACT

    Awesome news property_girl, care to share who the PM was? Cheers, Redom
  2. Redom

    Thoughts on Canberra and the ACT

    I know that they're discounting OTP stock out that way. A client of mine got a 1 beddie down from 290ish to 270k. For that price point, thats a pretty big markdown. One of the big developments (Observatory) are doing upto 20k gift rebates to try and generate some demand too. Has anyone...
  3. Redom

    Thoughts on Canberra and the ACT

    Hey hey, i checked Wright out with a few mates earlier in the year. I'm with Simon on this one. There is a huge supply of stock coming onto the market. From memory there were 6-10 large apartment blocks going up. I'd think it'll take a while for the market to soak up that supply. Noting...
  4. Redom

    Thoughts on Canberra and the ACT

    Thanks propertygirl, appreciate the insight. I moved down to Cbr a few years ago and have only really seen a slowish market. Don't have much experience of the cycles to go by and have been making my own observations, without much actual experience over time.
  5. Redom

    Thoughts on Canberra and the ACT

    Its a bit rough out there now. I really think its tied to the fiscal situation, not the government. The labor government have been slashing jobs for years before the liberals came in too. Tackling the public service is always going to be one of the low hanging fruits in a fiscal...
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