News

One of the true benefits of living in Canberra is not having to choose between city or country. You can live in the heart of Civic in an apartment, but be surrounded by nature and feel far from civilisation with as little as a 10 minute drive.Or, like with <a href="/sale/130-mckeahnie-lane-sutton-nsw-2620-47869/">130 McKeahnie Lane Sutton</a>, you can live on acreage and enjoy rural living, with top-notch eateries, shops and services just minutes away. The five bedroom, four bathroom home sits on 13.74 hectares, just off the Federal Highway in Sutton. It’s less than a 10 minute drive to Dickson, while 15 minutes will get you to the heart of Civic.<img alt="130 McKeahnie Lane Sutton 2.png" class="richtext-image full-width" height="478" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/130_McKeahnie_Lane_Sutton_2.width-800.png" width="800">Right from the moment you drive up the circular driveway, it’s apparent this home is special. It makes the most of ample space with four living area, and huge bedrooms. The oversized kitchen features both gas and electric cooktops, a huge walk-in pantry, plus ample bench and storage space. The triple car garage is complemented with a triple carport and workshop space.Outside is a covered alfresco area, which is a beautiful spot for a barbecue, and a private dam.“The front garden looking onto the huge dam with ducks on it is spectacular,” says selling agent <a href="/agents/miriana-cavic/">Miriana Cavic</a> from <a href="/agencies/luton-manuka/">Luton Manuka</a>.“The entrance of the home, and the drive up feel beautiful. When you are in the home the outside is brought in through every window. It’s very calming.”<img alt="130 McKeahnie Lane Sutton 3.png" class="richtext-image full-width" height="463" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/130_McKeahnie_Lane_Sutton_3.width-800.png" width="800">The estate has been with the same family since 1972, when they used it to run livestock for their family business while they lived nearby in Canberra.“The husband wanted to build their dream home in 1975, but the wife felt her kids were too young to move there. Eagle Hawk and the service station were not there at the time, nor was the highway in that position,” says Miriana.As Canberra grew, the family made plans to build their dream home on the Sutton property, and moved there in 1988. It has been a much-loved family home ever since, and now they’re ready to pass it on to a new family.“They love the land and the garden, and all the space,” says Miriana.“It’s six minutes to Dickson and close to Fyshwick. It offers the ideal lifestyle of country life, almost in the city.”And no worries if you’re new to rural living–everything has been set up for you.“The infrastructure is fantastic–water tanks, dams, working bores, electricity, gas, solar panels. They have made sure living there is as comfortable as possible,” says Miriana.<a href="/sale/130-mckeahnie-lane-sutton-nsw-2620-47869/">130 McKeahnie Lane</a> is going to auction on Saturday October 30. For more information or to arrange an inspection, <a href="/sale/130-mckeahnie-lane-sutton-nsw-2620-47869/">click here</a>.

Peaceful rural living that’s just a stone’s throw from the city

The Canberra property market is continuing to defy all odds.According to CoreLogic, the median sale price of a home in Canberra over the last three months has hit $830,000. For units, the median sale price is $499,000.All coming in under the median sale price, these properties in Lyneham, Dunlop, and Queanbeyan offer an opportunity for first home buyers or investors to enter the property market and at a reasonable price.<a href="https://zango.com.au/sale/73-78-goodwin-place-lyneham-act-2602-44144/" rel="nofollow" target="_blank">73/78 Goodwin Place, Lyneham</a>You couldn’t get a townhouse in a better location in the inner-north.This three-bedroom townhouse is split across two storeys and listed with <a href="https://zango.com.au/agents/jenny-michael-and-mark-mcreynolds/" rel="nofollow" target="_blank">Jenny Michael and Mark McReynolds</a> of <a href="https://zango.com.au/agencies/home-holly/" rel="nofollow" target="_blank">home.by holly.</a><img alt="73/78 Goodwin Place LYNEHAM, ACT 2602" class="richtext-image full-width" height="531" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-07-14_at_5.29.17_pm.width-800.png" width="800">The property has a lot of character and old-charm. There are exposed brick walls, a spiral staircase and carpet throughout. The segregation of the two floors creates easing living.The ground floor features the communal living areas, kitchen, laundry and outdoor porch. Upstairs you will find the bedrooms, which all feature built-in-wardrobes and a communal bathroom. The main bedroom has the luxury of an ensuite.<img alt="73/78 Goodwin Place LYNEHAM, ACT 2602" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-07-14_at_5.29.32_pm.width-800.png" width="800">For someone who adores the traditional Canberran aesthetic but also has an eye for modern design, this property is the perfect place to unleash creativity.<a href="https://zango.com.au/sale/73-78-goodwin-place-lyneham-act-2602-44144/" rel="nofollow" target="_blank">73/78 Goodwin Place</a> is on the market for $590,000. To find out more, contact <a href="https://zango.com.au/agencies/home-holly/" rel="nofollow" target="_blank">home.by holly’s</a> <a href="https://zango.com.au/agents/jenny-michael-and-mark-mcreynolds/" rel="nofollow" target="_blank">Jenny Michael and Mark McReynolds</a> on 0419 688 034.<a href="https://zango.com.au/sale/44-traeger-street-dunlop-act-2615-43697/" rel="nofollow" target="_blank">44 Traeger Street, Dunlop</a>Set on a 607sqm block and across from a local park in Dunlop, <a href="https://zango.com.au/sale/44-traeger-street-dunlop-act-2615-43697/" rel="nofollow" target="_blank">44 Traeger Street</a> is the perfect place to raise a family.Children will love the spacious backyard while the adults make the most of the sunroom.Kids parties are certainly sorted with the sectioned-off playground in the backyard that features a slippery dip.<img alt="44 Traeger Street DUNLOP, ACT 2615" class="richtext-image full-width" height="532" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-07-14_at_5.33.36_pm.width-800.png" width="800">There are three living areas and a built-in projector and screen in the lounge and dining room, making it the perfect place for family movie nights.In the heart of the house is the kitchen which lends itself well to family time and entertaining.An added bonus is the location. <a href="https://zango.com.au/research/suburb/dunlop-act-2615/" rel="nofollow" target="_blank">Dunlop</a> is just moments from Belconnen and has the added benefit of the Brindabella Mountain Range at the doorstep. You will never run out of things to do on the weekend.<img alt="44 Traeger Street DUNLOP, ACT 2615" class="richtext-image full-width" height="531" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-07-14_at_5.36.03_pm.width-800.png" width="800">According to <a href="https://zango.com.au/sale/44-traeger-street-dunlop-act-2615-43697/" rel="nofollow" target="_blank">Zango data</a>, the house was last on the market in 2015 when it sold for $535,000.The property is going under the hammer this Saturday 17 July at 10am. To find out more, contact <a href="https://zango.com.au/agents/george-vlandis/" rel="nofollow" target="_blank">George Vlandis</a> of <a href="https://zango.com.au/agencies/lj-hooker-belconnen/" rel="nofollow" target="_blank">LJ Hooker Belconnen</a> on 0437 398 774.<a href="https://zango.com.au/sale/28-12-waniassa-street-queanbeyan-nsw-2620-43410/" rel="nofollow" target="_blank">28/12 Waniassa Street, Queanbeyan</a>An ideal first-home purchase, this executive apartment on the fourth floor has been tastefully updated to feel modern, welcoming, and light.With three-bedrooms and two-bathrooms, the impressive apartment features an open-plan kitchen, dining and living space with spectacular views from the wrap-around balcony.<img alt="28/12 Waniassa Street QUEANBEYAN, NSW 2620" class="richtext-image full-width" height="531" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-07-14_at_5.39.40_pm.width-800.png" width="800">The main bedroom is spacious in size and has its very own walk-in-wardrobe and ensuite. The remaining two bedrooms have their very own built-in-wardrobes.The modern kitchen has an island bench, gas cooktop and dishwasher. The apartment is adaptable to working from home situations, with one of the bedrooms lending itself to be used as a study, or the option of a desk being set up in the living room, with the direct access to the balcony proving to be a perfect spot for lunch breaks.<img alt="28/12 Waniassa Street QUEANBEYAN, NSW 2620" class="richtext-image full-width" height="532" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-07-14_at_5.40.06_pm.width-800.png" width="800">The communal bathroom has a deep spa bath and hidden laundry.The north-facing balcony has views of the Queanbeyan River and Queen Elizabeth Park.There are also two car spaces available in the basement with security card access.<a href="https://zango.com.au/sale/28-12-waniassa-street-queanbeyan-nsw-2620-43410/" rel="nofollow" target="_blank">28/12 Waniassa Street</a> is on the market for $470,000-$490,000. To find out more, contact <a href="https://zango.com.au/agents/nick-southwell/" rel="nofollow" target="_blank">Nick Southwell</a> of <a href="https://zango.com.au/agencies/ray-white-queanbeyan-jerrabomberra/" rel="nofollow" target="_blank">Ray White Queanbeyan Jerrabomberra</a> on 0432 543 640.Check out all the latest listings on <a href="https://zango.com.au/sale/" rel="nofollow" target="_blank">Zango.</a>

Three of the most affordable properties for sale under $800,000

Rewind to the 1960s.Eddie and Mary Norenbergs are happily married and living in an apartment in Civic until a friend of theirs tell them about a story they overheard at the Waltons Department Store – a widow and her three daughters are looking for a place to live that&#x27;s closer to Civic and wants to swap properties with someone.Now over five decades later, Eddie and Mary Norenbergs are selling their family home in at <a href="https://zango.com.au/sale/57-earle-street-lyneham-act-2602-41923/" rel="nofollow" target="_blank">57 Earle Street</a> in Lyneham where they have raised their two adult children.<img alt="57 Earle Street LYNEHAM, ACT 2602" class="richtext-image full-width" height="707" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-31_at_12.06.27_pm.width-800.png" width="800">The three-bedroom, one-bathroom home sits on a whopping quarter-acre block and in a quiet cul-de-sac in Lyneham. The home offers breathtaking views of Canberra, from the snow on Mt Majura to the leafy tree-lined streets of O’Connor.What’s even better is that inside, the house oozes with 1950s charm – there is carpet, high ceilings, plenty of picture hooks on the walls, a sunroom, ceiling skylights in the kitchen, and wallpaper in some of the bedrooms.<img alt="57 Earle Street LYNEHAM, ACT 2602" class="richtext-image full-width" height="530" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-31_at_12.06.45_pm.width-800.png" width="800">The original interiors are in immaculate condition, especially the kitchen which has direct access to the open-plan formal lounge and dining room.You can certainly tell that the house on Earle Street has been loved and is Nurenbergs’ pride and joy. But the time has now come for the Nurenbergs to downsize and make new memories.“I call this place our little cottage”, said Eddie Nurenberg.“We used to have a lot of dinner parties here and when I look back, I am amazed we raised two children in this little house.”<img alt="57 Earle Street LYNEHAM, ACT 2602" class="richtext-image full-width" height="529" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-31_at_12.07.26_pm.width-800.png" width="800">Over the years, the Nurenberg’s have renovated the property to what it is today.There is one thing is for sure – living in Lyneham has clearly left a mark on the Nurenbergs.“I came out to Australian from Europe in 1948 and have lived in Canberra since 1950 as a kid,” said Eddie.“I then married a Queanbeyan girl and will never leave Canberra – it’s the best place to live.”<img alt="57 Earle Street LYNEHAM, ACT 2602" class="richtext-image full-width" height="531" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-31_at_12.06.58_pm.width-800.png" width="800">Recalling on his memories of Canberra, Eddie said he is amazed at how much Canberra has changed.&quot;Where we are, the Defence people from Melbourne were originally sent here to work,&quot; said Eddie.&quot;Myself and Mary went for a drive the other day to places like Ford and Harrison and I can&#x27;t believe how spread out Canberra has become.&quot;&quot;When we first moved, even Aranda was too far out.&quot;<img alt="57 Earle Street LYNEHAM, ACT 2602" class="richtext-image full-width" height="527" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-31_at_12.08.51_pm.width-800.png" width="800">Selling agent <a href="https://zango.com.au/agents/andrew-lonsdale/" rel="nofollow" target="_blank">Andrew Lonsdale</a> of <a href="https://zango.com.au/agencies/ray-white/" rel="nofollow" target="_blank">Ray White Canberra – Belconnen</a>, said the property is a once-in-a-lifetime listing.“This is a rare opportunity to live on the top of a hill and somewhere with amazing views,” said Mr Lonsdale.“The property is also in a very happy cul-de-sac. Everyone seems to know each other and look out for each other.”<img alt="57 Earle Street LYNEHAM, ACT 2602" class="richtext-image full-width" height="534" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-31_at_12.06.35_pm.width-800.png" width="800">Mr Lonsdale said the large block gives way to the possibility of redevelopment down the track.The property&#x27;s location in the heart of Lyneham is another draw card – with good schools and the convenience into Civic a huge lifestyle bonus.<img alt="57 Earle Street LYNEHAM, ACT 2602" class="richtext-image full-width" height="524" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-31_at_12.16.54_pm.width-800.png" width="800">“This home offers the opportunity for someone else to live their family dreams”, said Mr Lonsdale.<a href="https://zango.com.au/sale/57-earle-street-lyneham-act-2602-41923/" rel="nofollow" target="_blank">No. 57 Earle Street</a> in Lyneham is heading under the hammer on Saturday 12 June at 10am.To arrange an inspection of this historic Canberra home at <a href="https://zango.com.au/sale/57-earle-street-lyneham-act-2602-41923/" rel="nofollow" target="_blank">57 Earle Street in Lyneham</a>, contact <a href="https://zango.com.au/agents/andrew-lonsdale/" rel="nofollow" target="_blank">Andrew Lonsdale</a> on 0428 486 692 or Bradley McDowell on 0447 622 702.

House On A Hill Full Of Memories To Sell For The First Time In 53 years

An extravagant property in Conder has sold under the hammer for $1.63 million, smashing Tuggeranong&#x27;s regional record of $1.4 million and Conder&#x27;s suburb record of $1.27 million all in one go.<a href="https://zango.com.au/sale/5-muskett-place-conder-act-2906-40913/" rel="nofollow" target="_blank">Zango data</a> shows that property was last on the market in 2014 when it sold for $969,000. <img alt="condor_auction.png" class="richtext-image left" height="250" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/condor_auction.width-500.png" width="500"> An impressive crowd showed up for the auction on Thursday evening to witness the six-bedroom, five-bathroom home at <a href="https://zango.com.au/sale/5-muskett-place-conder-act-2906-40913/" rel="nofollow" target="_blank">5 Muskett Place</a>.Selling agent <a href="https://zango.com.au/agents/zac-morris-3/" rel="nofollow" target="_blank">Zac Morris</a> of <a href="https://zango.com.au/agencies/oneagency-sandy-morris/" rel="nofollow" target="_blank">One Agency Sandy Morris - Kambah</a> said tensions were high among the four registered bidders.The successful bidders were a family who bought the house for extended family to live nearby.&quot;The owners wanted to be close to their extended family and told me from the start that they wanted to buy it,&quot; said Mr Morris.According to Mr Morris, the new owner told him that the buy was &quot;going to be easy&quot;.&quot;It turns out it wasn&#x27;t as easy as he thought but he got there in the end and is really happy with the result,&quot; said Mr Morris.<img alt="5 Muskett Place CONDER, ACT 2906" class="richtext-image full-width" height="528" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-10_at_12.18.24_pm.width-800.png" width="800">The new owners will be living a luxurious lifestyle to say the least.Split across three levels, one is greeted by a grande foyer with a marble staircase and chandelier.The luxurious features don’t end there – there is also a saltwater swimming pool, separate spa, and cinema.<img alt="5 Muskett Place CONDER, ACT 2906" class="richtext-image full-width" height="526" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-10_at_12.18.33_pm.width-800.png" width="800"><img alt="5 Muskett Place CONDER, ACT 2906" class="richtext-image full-width" height="532" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-10_at_12.52.51_pm.width-800.png" width="800">The home has open-plan living areas and high ceilings throughout. There are six separate formal and informal living spaces, a high-end kitchen, two studies and a main-bedroom which is more like a parent’s retreat.There is also an expansive outdoor entertaining area with a barbecue kitchen.<img alt="5 Muskett Place CONDER, ACT 2906" class="richtext-image full-width" height="535" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-10_at_12.19.18_pm.width-800.png" width="800">The property is marketed online as &quot;impressive&quot;, &quot;luxurious&quot;, and with “some of the most exceptional views the Tuggeranong Valley has to offer”.According to <a href="https://zango.com.au/research/suburb/conder-act-2906/" rel="nofollow" target="_blank">Zango Data</a>, Conder has a population of 5,059 and a median age of 35. The land value history at <a href="https://zango.com.au/sale/5-muskett-place-conder-act-2906-40913/" rel="nofollow" target="_blank">5 Muskett Place</a> is currently at $392,000.You can view <a href="https://zango.com.au/sale/5-muskett-place-conder-act-2906-40913/" rel="nofollow" target="_blank">5 Muskett Place</a> in <a href="https://zango.com.au/research/suburb/conder-act-2906/" rel="nofollow" target="_blank">Conder</a> and see all the other hot listings on <a href="https://zango.com.au/sale/" rel="nofollow" target="_blank">Zango</a>.

Resort-Style Property in Conder smashes regional and suburb record in one

Featured Agents

Moving from <a href="https://zango.com.au/research/suburb/harden-nsw-2587/" rel="nofollow" target="_blank">Country NSW</a> to the <a href="https://zango.com.au/research/suburb/city-act-2601/" rel="nofollow" target="_blank">Bush Capital</a> as a school leaver, <a href="https://zango.com.au/agents/chris-fredericks/" rel="nofollow" target="_blank">Chris Fredericks</a> has asserted himself into Canberra’s property market and never looked back.Just four years ago, Chris started his career at <a href="https://zango.com.au/agencies/luton-gungahlin/" rel="nofollow" target="_blank">Luton Properties Gungahlin</a> as a receptionist with no real estate qualifications.Now, he finds himself as a young, passionate and ambitious registered agent who is named one of Luton&#x27;s Top 10 sales agents.Chris said he is proud of his career journey so far, putting it down to the mentors he has looked up to along the way.“I am definitely proud of what I have achieved, but I can’t put it all down to myself because I have had great mentors and assistance,” he said.“My Aunt, <a href="https://zango.com.au/agents/suzi-wells-1/" rel="nofollow" target="_blank">Suzi Wells</a>, is the General Manger of <a href="https://zango.com.au/agencies/mcgrath-north-canberra/" rel="nofollow" target="_blank">McGrath North Canberra</a> and I really look up to her as a role model.”“<a href="https://zango.com.au/agents/nick-paine/" rel="nofollow" target="_blank">Nick Paine</a> also gave me my start in the industry, and I had a lot of exposure working with <a href="https://zango.com.au/agents/katrice-velnaar/" rel="nofollow" target="_blank">Katrice Velnaa</a>r.”Chris said that the guidance he received by those closest to him in the industry made for an easy transition when the time came for him to go out on his own.“The more I learned, the more I wanted to grow and start running my own business,” he said.“Just last year I was recognised as the highest business growth in the whole company.”“That was a really special achievement for me.”Putting his professional achievements aside, Chris does not forget where he was raised and how that has impacted his success.“I grew up in a small country town…and I have a lot of memories of my parents starting their own business from scratch, building it up to what it is today,” he said.“Their hard work was all I saw growing up and became second nature to me as I started building my own business.”Chris’ advice for those considering a career in real estate is simple, “stay true to who you are. Doing that will make people like you and come to you for their residential needs.”Chris is now in his second year of being a Sales Consultant at Luton and specialises in the areas of <a href="https://zango.com.au/research/suburb/amaroo-act-2914/" rel="nofollow" target="_blank">Amaroo</a> and <a href="https://zango.com.au/research/suburb/palmerston-act-2913/" rel="nofollow" target="_blank">Palmerston</a>.When asked about a memorable sale, Chris did not hesitate to tell the story behind 25 Beazley Crescent in <a href="https://zango.com.au/research/suburb/calwell-act-2905/" rel="nofollow" target="_blank">Calwell</a>.“I had family friends I used to go skiing with who wanted me to sell their property. After one week on the market we had 50 groups through and achieved a result well above the asking price,” he said.“The buyers were first home buyers and we so excited because it ticked all the boxes for them.”“And at the same time, my family friends were so thrilled with the experience and helping them out was really special to me.”About 17 months into being a Sales Consultant, Chris epitomises the younger generation of real estate agents who are hungry for a successful career.Reflecting on this drive for success, Chris puts it down to his love for sport and people.“I used to play a lot of competitive sport and I don’t do a lot of sitting around,” he said.“I love socialising and you will often find me with friends and with a beverage of some sort in my hand.”Chris Fredericks is certainly a name that will be cemented in the property industry for years to come.

Chris Fredericks: The 23-year-old agent from Harden who is making his mark on Canberra’s Property Market.

This charming 1920s cottage nestled in <a href="https://zango.com.au/research/suburb/queanbeyan-nsw-2620/" rel="nofollow" target="_blank">Queanbeyan</a> could be just the home you are looking for.The three-bedroom cottage at <a href="https://zango.com.au/sale/134-ross-road-queanbeyan-nsw-2620-41118/" rel="nofollow" target="_blank">No. 134 Ross Road</a> has an abundance of period charm and character that truly is a testament to the 1920s.<img alt="134 Ross Road QUEANBEYAN, NSW 2620" class="richtext-image full-width" height="527" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-06_at_10.14.34_am.width-800.png" width="800">The idyllic entry of the home begins with the wide front veranda followed by two-bedrooms on either side of the hall.From the hallway opens out to the lounge room and a smaller bedroom to the right. This bedroom is marketed as having mixed functionality as a “home office or even a formal dining if that suits yours your family needs better”.The lounge room has sliding doors to a north facing deck and ensures an abundance of sun all year round.<img alt="134 Ross Road QUEANBEYAN, NSW 2620" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-06_at_10.14.04_am.width-800.png" width="800">One of the many things that is special about this property is it’s open-plan kitchen and dining area, which strays away from the classic 1920s cottage layout.The owners have retained the structure of the old wooden fireplace but updated it to fit the purpose of a storage shelf for cooking books and spices.<img alt="134 Ross Road QUEANBEYAN, NSW 2620" class="richtext-image full-width" height="528" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-06_at_10.13.48_am.width-800.png" width="800">There is also a renovated bathroom, a separate toilet and sliding door to the deck and garden.Another quirky charm about the cottage is the studio off the garage.The studio is north facing and according to Director <a href="https://zango.com.au/agents/jason-maxwell/" rel="nofollow" target="_blank">Jason Maxwell</a> of <a href="https://zango.com.au/agencies/lj-hooker-queanbeyan/" rel="nofollow" target="_blank">LJ Hooker – Queanbeyan</a>, this is where the owners spent most of their time studying and working because of COVID-19.<img alt="134 Ross Road QUEANBEYAN, NSW 2620" class="richtext-image full-width" height="531" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-06_at_10.14.13_am.width-800.png" width="800">“The property sits on a really big block and the previous owners found a way to create a big, separate, north-facing area where they can do some study,” he said.Mr Maxwell said the periodic front gate that displays the house number “is really cute” and “a little bit different.”“The polished timber floors also strike you straight away and gives off that character charm.”<img alt="134 Ross Road QUEANBEYAN, NSW 2620" class="richtext-image full-width" height="670" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-06_at_10.14.50_am.width-800.png" width="800">According to <a href="https://zango.com.au/research/suburb/queanbeyan-nsw-2620/" rel="nofollow" target="_blank">Zango Data</a>, the property was last on the market in 2011 when it sold for $443,000. The 2021 median sale price in Queanbeyan is $415,000.The property is currently listed with a “mid to high $600,000” price guide.“We have had really good feedback so far with 174 people through on Saturday,” said Mr Maxwell.<a href="https://zango.com.au/sale/134-ross-road-queanbeyan-nsw-2620-41118/" rel="nofollow" target="_blank">No. 134 Ross Road</a> in <a href="https://zango.com.au/research/suburb/queanbeyan-nsw-2620/" rel="nofollow" target="_blank">Queanbeyan</a> is heading to auction on 29 May at 12:30pm.<img alt="134 Ross Road QUEANBEYAN, NSW 2620" class="richtext-image full-width" height="524" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-05-06_at_10.14.25_am.width-800.png" width="800">You can view <a href="https://zango.com.au/sale/134-ross-road-queanbeyan-nsw-2620-41118/" rel="nofollow" target="_blank">134 Ross Road</a> in <a href="https://zango.com.au/research/suburb/queanbeyan-nsw-2620/" rel="nofollow" target="_blank">Queanbeyan</a> and see all the other hot listings on <a href="https://zango.com.au/sale/" rel="nofollow" target="_blank">Zango</a>.To book an inspection, call <a href="https://zango.com.au/agents/jason-maxwell/" rel="nofollow" target="_blank">Jason Maxwell</a> from <a href="https://zango.com.au/agencies/lj-hooker-queanbeyan/" rel="nofollow" target="_blank">LJ Hooker Queanbeyan</a> on 0416 182 379.

Queanbeyan Cottage With Studio Pad Heading To Auction

This is certainly an investment you can bank on.Dating back to 1912, a rare <a href="https://zango.com.au/research/suburb/galong-nsw-2585/" rel="nofollow" target="_blank">Galong</a> home that was previously a Bank of NSW has hit the market with a price guide of $410,000.<img alt="27 McMahons Road GALONG, NSW 2585" class="richtext-image full-width" height="528" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-27_at_11.30.36_am.width-800.png" width="800">The historic double-brick home at <a href="https://zango.com.au/sale/27-mcmahons-road-galong-nsw-2585-40942/" rel="nofollow" target="_blank">27 McMahons Road</a> sits on 2946sqm and has retained many of the hallmarks from its former life – including an old vault, four wooden fireplaces and the original public entrance.Local resident and owner of Luke&#x27;s Garage, Mr Luke, said that from the 1950s, the bank was turned into a humble home and owned by a family from Wagga Wagga who ran the local mine. The property has since been sold and used as a rental.<img alt="27 McMahons Road GALONG, NSW 2585" class="richtext-image full-width" height="536" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-27_at_11.32.01_am.width-800.png" width="800">The house is fresh on the market and listed with <a href="https://zango.com.au/agents/naish-stormon/" rel="nofollow" target="_blank">Naish Stormon</a> of <a href="https://zango.com.au/agencies/lj-hooker-gungahlin/" rel="nofollow" target="_blank">LJ Hooker Gungahlin</a>.Mr Stormon revealed that the former bank is just an hour away from the ACT and is an ode to the flourishing town that Galong once was.<img alt="27 McMahons Road GALONG, NSW 2585" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-27_at_11.27.49_am.width-800.png" width="800">“Galong would have been a thriving service town for the farming community around it,” he said.“It was obviously big enough to have its own bank.”According to Mr Stormon, the old vault continuous to house some valuables, including jewellery.<img alt="27 McMahons Road GALONG, NSW 2585" class="richtext-image full-width" height="533" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-27_at_11.26.54_am.width-800.png" width="800">Details from the listing revealed that the four-bedroom property “certainly needs some work and has significant potential to be a superb, comfortable and safe home…”.Yet despite its current state, the bank’s old charm gives it striking character. A key selling point is the property’s commanding position next to The Royal Hotel, another historical building in Galong.<img alt="27 McMahons Road GALONG, NSW 2585" class="richtext-image full-width" height="529" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-27_at_11.28.50_am.width-800.png" width="800">The Royal Hotel has not been operative for the last five years and much like the bank, is a testament to Galong’s fascinating history.Other features of the property include a bathroom, a terracotta tiled roof and large garden.You can view <a href="https://zango.com.au/sale/27-mcmahons-road-galong-nsw-2585-40942/" rel="nofollow" target="_blank">27 McMahons Rd</a> in <a href="https://zango.com.au/research/suburb/galong-nsw-2585/" rel="nofollow" target="_blank">Galong</a> and see all the other hot listings on <a href="https://zango.com.au/sale/" rel="nofollow" target="_blank">Zango</a>.To book an inspection, call <a href="https://zango.com.au/agents/naish-stormon/" rel="nofollow" target="_blank">Naish Stormon</a> on 0488 164 426.

109-Year-Old Bank with Vault Door on the Market for $410k

A brand-new dream home built by Habitat Constructions has seen interest by close to 200 people ahead of its auction on 1 May 2021.The four-bedroom property at <a href="https://zango.com.au/sale/109-hopetoun-circuit-yarralumla-act-2600-40805/" rel="nofollow" target="_blank">109 Hopetoun Circuit</a> in <a href="https://zango.com.au/research/suburb/yarralumla-act-2600/" rel="nofollow" target="_blank">Yarralumla</a> is listed with <a href="https://zango.com.au/agencies/bastion-property-group/" rel="nofollow" target="_blank">Bastion Property Group – Fyshwick’s</a> <a href="https://zango.com.au/agents/theo-koutsikamanis-2/" rel="nofollow" target="_blank">Theo Koutsikamanis,</a> who says that in his 11 years of selling property, he has never seen a home of such high calibre spread across one level.“A property of this size and across one level is unlike anything else I have ever seen, especially in the South,” said Mr Koutsikamanis.<img alt="109 Hopetoun Circuit YARRALUMLA, ACT 2600" class="richtext-image full-width" height="530" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-22_at_12.13.00_pm.width-800.png" width="800">There is a lot to love about this home – with a key highlight being the open-plan kitchen, living and dining room which extends out across the all-weather outdoor entertainment area.Designed by award-winning Canberran designers Adam Hobill, every angle of the property leaves a lasting impression. It includes a state-of-the-art kitchen, a dining area next to a gas fireplace, an outdoor seating area, heated magnesium pool that runs on solar, and an outdoor firepit.<img alt="109 Hopetoun Circuit YARRALUMLA, ACT 2600" class="richtext-image full-width" height="527" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-22_at_12.13.39_pm.width-800.png" width="800">Clearly designed to be an entertainer’s home, the kitchen features a long island bench and quick access to a butlers pantry.If the indoor kitchen wasn’t enough, the outdoor barbecue area also provides for the perfect place to entertain in rail, hail or shine.<img alt="109 Hopetoun Circuit YARRALUMLA, ACT 2600" class="richtext-image full-width" height="530" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-22_at_12.12.43_pm.width-800.png" width="800">Mr Koutsikamanis said there has been a lot of interest from builders, who are inspired by the design, inclusions and finishes of the ultra-modern property.<img alt="109 Hopetoun Circuit YARRALUMLA, ACT 2600" class="richtext-image full-width" height="531" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-22_at_12.12.52_pm.width-800.png" width="800">The three-bedrooms all feature built-in wardrobes and are incredibly spacious with high ceilings and garden views. The segregated main bedroom is every parent’s dream, with a huge ensuite and walk-in-wardrobe to accompany access to the manicured garden.There are multiple living areas, both inside and outside, and are accommodated by a ventilation system that keeps the house the same temperature all year round.<img alt="109 Hopetoun Circuit YARRALUMLA, ACT 2600" class="richtext-image full-width" height="536" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-22_at_12.12.17_pm.width-800.png" width="800">There is an attic which provides for additional storage space, and a children&#x27;s retreat. There is also a home office, gallery and garage with direct entry to the property.The <a href="https://zango.com.au/research/suburb/yarralumla-act-2600/" rel="nofollow" target="_blank">Yarralumla</a> property was last bought in 2017 for $1.45 million.According to Mr Koutsikamanis, the vendor has decided to sell in order to be closer to family who reside north of the bridge.<img alt="109 Hopetoun Circuit YARRALUMLA, ACT 2600" class="richtext-image full-width" height="532" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-22_at_12.13.31_pm.width-800.png" width="800">You can view <a href="https://zango.com.au/sale/109-hopetoun-circuit-yarralumla-act-2600-40805/" rel="nofollow" target="_blank">109 Hopetoun Circuit</a> in <a href="https://zango.com.au/research/suburb/yarralumla-act-2600/" rel="nofollow" target="_blank">Yarralumla</a> and see all the other hot listings on <a href="https://zango.com.au/sale/" rel="nofollow" target="_blank">Zango</a>.To book an inspection, call <a href="https://zango.com.au/agents/theo-koutsikamanis-2/" rel="nofollow" target="_blank">Theo Koursikamanis</a>on 0431 543 649 or <a href="https://zango.com.au/agents/duncan-macdonald/" rel="nofollow" target="_blank">Duncan Macdonald</a> on 0402 337 287.

Epic Yarralumla Home Spread Across One Level Inundated With Interest

Set on an established tree-lined street in <a href="https://zango.com.au/research/suburb/oconnor-act-2602/" rel="nofollow" target="_blank">O’Connor</a>, the four-bedroom property at <a href="https://zango.com.au/sale/17-hobbs-street-oconnor-act-2602-39766/" rel="nofollow" target="_blank">17 Hobbs Street</a> was built in 1958 and enjoys extensive views across the city towards Mount Ainslie and Mount Majura.From the outset, it is clear this property has plenty of street appeal and privity.“All the houses in the street have preserved their 1950s and 1960s characteristics,” said <a href="https://zango.com.au/agencies/ray-white/" rel="nofollow" target="_blank">Ray White Canberra – Belconnen</a> agent <a href="https://zango.com.au/agents/nicky-symon/" rel="nofollow" target="_blank">Nicky Symon.</a>&quot;That is what the owners loved about it.&quot;<img alt="17 Hobbs Street O&amp;#x27;CONNOR, ACT 2602" class="richtext-image full-width" height="529" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-19_at_2.23.24_pm.width-800.png" width="800">Inside, the standard of the property remains high with Sydney Blue Gum hardwood flooring throughout and a fireplace in the living room for the whole family to huddle around on cool winter evenings.The property is spacious and practical, with three of the four bedrooms accompanied with built-in wardrobes. The main bedroom has the luxury of a walk-in wardrobe and a modern ensuite.<img alt="17 Hobbs Street O&amp;#x27;CONNOR, ACT 2602" class="richtext-image full-width" height="532" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-19_at_2.24.00_pm.width-800.png" width="800">The kitchen has recently been renovated to include a stone benchtop with a gas cooktop, electric oven, bespoke joinery and plenty of storage options.The location of the dining room is a key selling point, with family meals taking place against a backdrop of picturesque garden views.<img alt="17 Hobbs Street O&amp;#x27;CONNOR, ACT 2602" class="richtext-image full-width" height="527" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-19_at_2.41.42_pm.width-800.png" width="800">The property is ideal for outdoor entertaining, with a timber deck situated amongst established gardens and a fishpond, making it the perfect place to unwind.There is also a carport that has internal access and a single garage with plenty of space for extra storage.<img alt="17 Hobbs Street O&amp;#x27;CONNOR, ACT 2602" class="richtext-image full-width" height="534" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-19_at_2.23.13_pm.width-800.png" width="800">Other features of the property include double glazing, high ceilings, a spacious family bathroom and powder room, a living room, European style laundry and ducted gas heating throughout.No. <a href="https://zango.com.au/sale/17-hobbs-street-oconnor-act-2602-39766/" rel="nofollow" target="_blank">17 Hobbs Street</a> is set on a 686sqm block and is in walking distance to O’Connor amenities, including the local schools, parks and shops.<img alt="17 Hobbs Street O&amp;#x27;CONNOR, ACT 2602" class="richtext-image full-width" height="523" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-19_at_3.09.46_pm.width-800.png" width="800">Ms Symon said the home is in a great location.“There is a children’s playground at the end of the street and the home is a short walk or bike ride to the ANU,” she said.<img alt="17 Hobbs Street O&amp;#x27;CONNOR, ACT 2602" class="richtext-image full-width" height="532" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-19_at_3.10.43_pm.width-800.png" width="800">According to Zango Data, the property’s land value history has had a recent growth rate of 2.42%, giving it an unimproved land value of $745,000. As of 2021, the median sale price in <a href="https://zango.com.au/research/suburb/oconnor-act-2602/" rel="nofollow" target="_blank">O&#x27;Connor</a> is $1.03 million.The charming cottage will go under the hammer on Thursday 22 April.You can view this beautiful home at <a href="https://zango.com.au/sale/17-hobbs-street-oconnor-act-2602-39766/" rel="nofollow" target="_blank">17 Hobbs Street</a> in <a href="https://zango.com.au/research/suburb/oconnor-act-2602/" rel="nofollow" target="_blank">O&#x27;Connor</a> online. For further information, contact <a href="https://zango.com.au/agencies/ray-white/" rel="nofollow" target="_blank">Ray White Canberra - Belconnen</a> sales agent <a href="https://zango.com.au/agents/nicky-symon/" rel="nofollow" target="_blank">Nicky Symon</a> on 0418 285 797 or <a href="https://zango.com.au/agents/elena-florez/" rel="nofollow" target="_blank">Elena Florez</a> on 0490 516 347.

Charming renovated cottage with picture-perfect views for sale in O'Connor

Just 20 minutes from Canberra City and with nature on your doorstep, more and more people are jumping on the trend and calling <a href="https://zango.com.au/research/suburb/queanbeyan-nsw-2620/" rel="nofollow" target="_blank">Queanbeyan</a> their new home. Why? Because Queanbeyan offers the best of both worlds – country living with the practicalities of a big city. And with fewer traffic lights.<img alt="Queanbeyan_Image 2.jpg" class="richtext-image full-width" height="600" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Queanbeyan_Image_2.width-800.jpg" width="800">According to <a href="https://zango.com.au/research/suburb/queanbeyan-nsw-2620/" rel="nofollow" target="_blank">Zango data</a>, 6237 people now live in Queanbeyan. The median sale price of Queanbeyan is $460,000 compared to $500,000 in the ACT.Director and Owner <a href="https://zango.com.au/agents/brad-omara/" rel="nofollow" target="_blank">Brad O’Mara</a> from Ray White Queanbeyan Jerrambomberra said the competition in Canberra is driving Queanbeyan’s affordability.“The average price range in Canberra has increased dramatically and is pushing everyone to South Tuggeranong and Queanbeyan”, Mr O’Mara said.<img alt="Queanbeyan_Image_1.width-1280.jpg" class="richtext-image left" height="375" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Queanbeyan_Image_1.width-1280.width-500.jpg" width="500">Mr O’Mara said he has noticed an increased trend in first home buyers tapping into the local market because they are drawn to the proximity to Canberra’s city and lifestyle on offer.“We are seeing more first home buyers from Canberra because they are being priced out of the market”, Mr O’Mara said.A four-bedroom house at <a href="https://zango.com.au/sale/21-cameron-road-queanbeyan-nsw-2620-40323/" rel="nofollow" target="_blank">21 Cameron Road</a> in Queanbeyan is set to head to auction on the 29th of April with a price range of $950,000.<img alt="21 Cameron Road QUEANBEYAN" class="richtext-image full-width" height="529" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-16_at_10.21.30_am.width-800.png" width="800">“Put this house in Ainslie and it is worth $2.5 million,” said Mr O’Mara.The 1927-inspired property features a fireplace, a formal dining room and living room, large bedrooms and is less than 1km away from the Queanbeyan Public School.<img alt="21 Cameron Road QUEANBEYAN" class="richtext-image full-width" height="527" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-16_at_10.22.46_am.width-800.png" width="800">“People are seeing that there is better value and more for your dollar in Queanbeyan”.You can view this beautiful home at <a href="https://zango.com.au/sale/21-cameron-road-queanbeyan-nsw-2620-40323/" rel="nofollow" target="_blank">21 Cameron Road</a> in Queanbeyan online. For further information, contact <a href="https://zango.com.au/agencies/ray-white-queanbeyan-jerrabomberra/" rel="nofollow" target="_blank">Ray White Queanbeyan Jerrabomberra</a> Director <a href="https://zango.com.au/agents/brad-omara/" rel="nofollow" target="_blank">Brad O&#x27;Mara</a>on 0402 343 771.

Competition in Canberra Driving Queanbeyan’s Property Market

Located in the heart of Ainslie in Canberra’s inner-north, this three-bedroom property at <a href="https://zango.com.au/sale/54-limestone-avenue-ainslie-act-2602-39206/" rel="nofollow" target="_blank">54 Limestone Avenue</a> is on the market for the first time in 70 years.Designed and advertised in 1926 by the Federal Capital Commission to entice public servants to move to the bush capital, it’s safe to say this historic homestead has seen a lot over the years.<img alt="The exterior.png" class="richtext-image full-width" height="534" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-13_at_12.53.09_pm.width-800.png" width="800">The property has been home to many renowned Canberran locals, including a former headmaster of Ainslie Primary School, an architect and a local teacher.Popular Ainslie locals, the Leonard family, bought the home in 1950 from Malcolm Moir, a predominant modernist architect who designed many of Canberra’s early buildings.The property has been tightly held by the Leonard family ever since. Now, the cottage is ready to make history with new owners, with help from Luton Property Dickson’s Melissa Martin-Smith and Simon Porter.“There is a lot of emotional connection to this home,” said selling agent Melissa Martin-Smith.“It’s been a home to a lot of happy memories.”<img alt="The interior.png" class="richtext-image full-width" height="531" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-13_at_12.55.23_pm.width-800.png" width="800">Selling agent Simon Porter said it is rare for see historic houses like <a href="https://zango.com.au/sale/54-limestone-avenue-ainslie-act-2602-39206/" rel="nofollow" target="_blank">54 Limestone Avenue</a> on the market.From its exterior, you can tell the property is a time warp to the mid 1920s. The original 1926 front door is striking and well placed amongst the manicured gardens.Inside, the property features high ceilings, large windows and exposed beams that give off a sense of space. There are three bedrooms, two-bathrooms, an ensuite, kitchen, living room, study, and a formal lounge room which opens out to the sprawling gardens and a lock-up garage.<img alt="The original door.png" class="richtext-image full-width" height="523" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-13_at_12.55.52_pm.width-800.png" width="800">“Because the block is so large, everywhere you look is so green,” said Ms Martin-Smith.The property was renovated in the mid-1970s to include an updated kitchen, additional bedroom and a small flat with an ensuite.Located in Ainslie’s Alt Crescent Heritage Precinct, Mr Porter said interested buyers do not have the option of demolishing the property and turning it into a mansion.<img alt="The manicured gardens.png" class="richtext-image full-width" height="531" src="https://d2t3vhau9g43uy.cloudfront.net/media/images/Screen_Shot_2021-04-13_at_12.56.40_pm.width-800.png" width="800">Perhaps that is a good thing. Homes that encapsulate the rich history of Canberra are diamonds in the rough these days.According to Zango data, the median sale price for a property in Ainslie is $900,000.With an original price tag of £1,250 in 1926, today the historic property has an auction price guide of $1.3 million. The cottage will head under the hammer on Wednesday 14 April at 5pm.You can view this beautiful historic home at <a href="https://zango.com.au/sale/54-limestone-avenue-ainslie-act-2602-39206/" rel="nofollow" target="_blank">54 Limestone Avenue</a> in Ainslie online. For further information, contact <a href="https://zango.com.au/agencies/luton-dickson/" rel="nofollow" target="_blank">Luton Dickson</a> sales agent <a href="https://zango.com.au/agents/simon-porter/" rel="nofollow" target="_blank">Simon Porter</a> on 0418 453 950 or <a href="https://zango.com.au/agents/melissa-martin-smith/" rel="nofollow" target="_blank">Melissa Martin-Smith</a> on 0412 765 198.

A slice of Canberra’s history is on the market for the first time since 1950

Canberra housing values have again bucked the national trend, recording a slight increase for the second month in a row, while some other capitals have seen a second consecutive decrease.According to the most recent CoreLogic Home Value Index data, prices on average around Australia were down 0.7% nationally in June, following a 0.4% decline in May.The five largest capital cities all recorded a decline in home values over the month, with drops of 1.1% in Melbourne and Perth, 0.8% in Sydney, 0.4% in Brisbane and 0.2% in Adelaide.According to the CoreLogic data, Canberra housing values remained strong, recording a 0.1% increase for the month, and a 0.7% increase for the quarter. Canberra also recorded a median dwelling value of $639,965 for June.Both Hobart and Darwin also recorded subtle increases in June, with values up 0.3% in both cities.Despite housing values being down nationally in June, market activity showed a further improvement, after the low recorded in April during the peak COVID-19 restrictions. After a 21.5% surge in sales activity throughout Australia in May, CoreLogic’s estimate of home sales in June was up a further 29.5%.CoreLogic’s head of research Tim Lawless said the downwards pressure on home values has remained mild to-date, with capital city dwelling values falling a cumulative 1.3% over the past two months.“A variety of factors have helped to protect home values from more significant declines, including persistently low advertised stock levels and significant government stimulus,” he said.“Additionally, low interest rates and forbearance policies from lenders have helped to keep urgent sales off the market, providing further insulation to housing values.”Despite the June value falls, the data shows an overall upswing across most regions, reflected in high annual growth rates. Housing values in Canberra increased in value by 6.3% annually, with the twelve month change also in positive territory in Sydney (13.3%), Melbourne (10.2%), Hobart (6.4%), Brisbane (4.4%) and Adelaide (2.0%).“The only capitals where values show declines on an annual basis are Perth and Darwin, but even across these cities, home values were early into a recovery phase pre-COVID.” Mr Lawless said.While the decline in home values has been fairly mild since April, Mr Lawless said the longer term outlook remains highly uncertain.“While it is encouraging to see lenders have recently hinted at an extension in their repayment leniency policies, the government stimulus will eventually taper and banks will require borrowers to repay their loans,” he said.“The longer term outlook for the housing market is largely dependent on how well the economy is tracking when these support measures are removed.”

16 news articles with tag property