Delving deeper into the ACT property market
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In this special episode, Maria Edwards unpacks the current market conditions in the ACT and how it can rise from being the \\u201cvictim of its own success\\u201d to being victorious.
The chief executive of the Real Estate Institute of the ACT (REIACT) sits down with Grace Ormsby to provide insights on how the last three years have played out for the local property market before taking a closer look at the current state of play for agents in the region.
Maria also explains how investor confidence got so low, considering it sits against a backdrop of record-low vacancy rates and increasing rental yields. They also forecast ACT\\u2019s potential emergence from the housing crisis at an earlier point in time than other property markets.
In this episode, you will hear about:
- Which challenges in the ACT\\u2019s property market require attention
- How consumer sentiment is changing among buyers or sellers and tenants\\xa0
- Where Canberra is sitting in its property cycle