Canberra suburbs Woden and Weston lead the property pack: Herron Todd White

Canberra suburbs Woden and Weston lead the property pack: Herron Todd White
Canberra suburbs Woden and Weston lead the property pack: Herron Todd White

Canberra suburbs Woden and Weston lead the local market for strongest local results, according to Herron Todd White.

Herron Todd White's October Month in Review said the performance of units is subdued and outer suburbs are remain steady, its the inner regions that are shining.

"Ainslie has seen some huge results over the past three months, at a time when winter traditionally cools the Canberra market," it noted.

"Strong sales have seen some entry level properties selling in excess of $700,000. Smaller, boutique development sites through Downer and Dickson have also seen strong competition with a number of sites purchased for amalgamation or independent development.

"The Woden and Weston market was Canberra’s most heavily impacted region as a result of the Mr Fluffy buy-back scheme. It appears that a large number of Mr Fluffy home owners have now been absorbed into the market, as the market continues at a strong, yet more sustainable rate. Strong sales have particularly been noted through Curtin, Weston and Waramanga. Despite the new supply through the Molonglo Valley, the upward trend of prices in Woden and Weston looks to continue into the foreseeable future."

 

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Unit Sales Residential Listings

Comments

Be the first one to comment on this article
What would you like to say about this project?