Canberra real estate volatile and down for the year

Monopoly houses

AUSTRALIAN Property Monitors’ Quarterly Housing Report has mixed news for Canberra’s real estate sector:

Canberra’s recent pattern of volatile house price activity continued during the June quarter. Despite an increase of +2.2% during the June quarter, it is the only city to record a fall in house prices over the 2014 financial year.

They note than Canberra and Darwin are the worst performing capital city markets in 2014, but have hope Darwin will come good.

[Photo by William Warby, Attribution licence.]

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