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Why and Where You Should Invest in Canberra

5 Jan, 2022

Why and Where You Should Invest in Canberra

Canberra is not only the capital of Australia—but it is also the eye of investment opportunities.

Not only nurturing lovely flora and fauna; according to CoreLogic home value index in December 2021, Canberra has also fostered a steady ​​24.9% of annual capital growth, awesome median house price and a marvellously low unemployment rate.

Here are some reasons why you should consider putting your money on the nation’s capital, which far exceeds other capital cities, and some of the best suburbs you should know about as an investor.

investment property Canberra

Canberra: A Rising Star in Investment

1. Strong Labour Market

Jobs will always be a primary reason for relocating and settling down. The ACT has a strong labour market, with the Federal Government providing significant direct and indirect employment. According to the latest labour statistics from the Australian Bureau of Statistics (ABS), Canberra’s unemployment rate sits at 3.8%, putting it below NSW’s average of 4.6%

The strong employment market that offers various job opportunities makes Canberra a safe, desirable place to unlock new beginnings.

canberra property market

2. Population Growth

Canberra has had consistently strong population growth, particularly over the past six years. According to ABS’ latest data, it had a healthy population annual growth rate of 0.2% and is on track to increase nearly double within 40 years.

The population growth paired with the strong labour market makes a major growth driver that promises advancement for the city.

property investment

3. Lucrative Median Rental Return

The Australian Capital Territory’s rental market is booming, and it offers more accessible entry points than cities such as Melbourne and Sydney.

Investors have a better chance to obtain a good rate of return with ACT property than in Melbourne or Sydney as the latest rental return for apartments in Canberra is 5.7%, significantly higher than the rental returns Sydney offers at 3.5%, according to SQM Research.

Furthermore, with a nearly 2% difference, the rental yield for units in Canberra is much greater than the average for all houses.

Geocon’s Head of Sales, Adam Morgan states, “You can get more rental yield from a $500,000 purchase here (in Canberra) than you can from an $800,000 purchase in Sydney,” making the annual rental yield in Canberra much more desirable.

Canberra booming rental market

With the positive growth the Australian Capital Territory region is experiencing, demands in the rental market are expected to accelerate in the upcoming years.

4. Affordable Median Housing Prices

The property market in Australia’s capital is making it easy to gain wealth for both tenants and homeowners.

Canberra median house prices increased 24.9% over the past year, with a total return of 29.6%.

Source: CoreLogic home value index December 2021

Units have also performed strongly in Canberra compared to Sydney and Melbourne, with a much lower median unit price of only $584,000. The affordable median prices and strong growth make the ACT ideal for investing.

5. Positive Median Weekly Rent

The value of Canberra property has inspired many people to invest.

Canberra’s gross annual rental yields, median weekly rent, and total annual investment returns for both houses and units remain amongst the highest of all the capitals.

The median weekly rent for units in Canberra has reached $540 according to CoreLogic’s Quarterly Rental Review, exceeding the rental property markets in Melbourne of only $487 per week.

6. Booming Economy

The economic growth of Canberra is always among the fastest-growing capitals in the country. According to ACT government media release, Canberra has seen a combined economic growth of 12 per cent over the past three years, supporting the creation of over 3,200 new businesses and more than 16,000 jobs.

Canberra’s population is relatively young, with low unemployment and higher than national average incomes, turning it into one of Australia’s most exciting destinations to live or invest in.

property investment in Australian capital territory

7. Environment and Lifestyle

Canberra is famous for its wide selection of vineyards, with 140 vineyards within 35 minutes from the Canberra CBD. The city also houses 13 Chef-Hat Award restaurants and numerous award-winning baristas.

Additionally, Canberra has a comfortable, mild climate with at least 246 days per year of sunny, clear weather.

Canberra is also home to the famous Mt Stromlo mountain bike track, adding value to the quality of living in Canberra.

The tranquillity the ACT region offers should definitely be something investors keep in mind when selecting an investment property.

act property investment

Where to invest in Canberra’s Property Market

It is Canberra’s time to shine with our capital city experiencing steady, healthy increases in median property and rental prices. Canberra property is highly sought after in the market!

The stable property market in Canberra outshines most other major cities, and property investors should definitely keep an eye out for these places in the Canberra market:

1. Gungahlin – One of North Canberra’s most desired suburbs

Gungahlin is a highlight in the Canberra market, known for providing fantastic investment opportunities.

It has quickly gained a reputation in the local market as one of North Canberra’s most desired suburbs, with its close proximity to the city centre, natural bushland setting and a large number of new homes in the area.

The growth guaranteed in Gungahlin also makes it a good contender in the Canberra property market.

Gungahlin is benefiting from significant developments currently underway at Gungahlin Town Centre, which will provide an additional 6500 jobs when complete.

Ever-growing and moving at a rapid pace, life in Gungahlin has evolved to become a combination of luxury living and supreme location.

property investment in Gungahlin

2. Canberra Centre — At the Heart of it All

The bustling Canberra City Centre will put you just moments from every imaginable amenity. Food and fashion. Entertainment and leisure. Universities and schools. Bars and nightlife. Set foot outside at any hour, day and night, and walk straight into the epicentre of contemporary Canberra.

This is a great place for investors who are looking for a safe place to obtain gains. The light rail, new local businesses, education and other services make it a wonderful ground to grow wealth.

property in the act

3. Woden Valley – Received a Recent Multi-Billion Dollar Regeneration

Woden is just a 10-minute drive from the city centre and showcases a huge range of properties & high-rise apartments without sacrificing an abundance of space and greenery.

The good public transport links and proximity to everyday essentials make the area particularly desirable for both families and independents.

Undergoing major redevelopment with public and private investment, Woden’s Town Centre is a great location for real estate investment; the value of the area is expected to accelerate in the near future.

investment property in the Woden ACT

4. Belconnen – The Most Connected & Convenient Town Centre in Canberra

Belconnen is situated approximately 7 kilometres from Canberra CBD and has access to a variety of public transportation.

It is home to the University of Canberra, Canberra Stadium & Calvary Hospital, as well as cinemas, a library, swimming pools & dozens of eateries that line the picturesque lake.

Belconnen property is only 1 minute away from Lake Ginninderra, 2 minutes away from Belconnen Bus Interchange, 5 minutes away from Belconnen Westfield, 8 minutes to the University of Canberra and 15 minutes away from Canberra City.

property investors

5, Tuggeranong – Modern Luxury Living on Canberra’s Unspoiled Natural Fringe

Located only a 20 min drive to Canberra City and 1.5 hours to the South Coast of NSW, Tuggeranong is a family-oriented district with plenty of good schools, ovals and plays areas for children.

The location’s easy access to essential services such as education, hospitals, public transport and retail precincts make it particularly profitable to invest.

The Tuggeranong cultural and entertainment precinct is buzzing with life just moments from your front door.

invest in canberra

Still Curious?

If you’re eager to learn more about the best places to invest in Canberra and are after assistance on your investment journey in Australia, please reach out to us today.

We will be delighted to tell you more about our property in Canberra and offer some advice on investing in Australia. Call us on 02 9099 3461 or Contact us below!

AUSTRALIA PRIVACY STATEMENT

Last updated: August 2020

INTRODUCTION

St Trinity Property Group and its affiliated entities, representatives, agents and related companies (collectively referred to as ST TRINITY PROPERTY GROUP) respect the privacy and security of your Personal Information, as defined below, and comply with the requirements of the Australian Privacy Principles under the Privacy Act 1988 (Cth).

This Privacy Policy explains in general terms how St Trinity Property Group handles your Personal Information. However, it does not apply to St Trinity Property Group’s employee records to the extent they are handled by any of our companies that is or was the employer of that employee in relation to the employee’s current or former employment. Such employee records are generally exempt from the Act and will be dealt with as permitted by law.

You may be able to deal with us without identifying yourself (i.e. anonymously or by using a pseudonym) in certain circumstances. If you wish to do so, please contact us to find out if this is practicable in your circumstances. However, if you do not provide us with the Personal Information we have requested, we may not be able to complete or fulfil the purpose for which we collect the information, including providing our services. By visiting our websites, using any of our services or otherwise providing us with your Personal Information (or authorising it to be provided to us by someone else), you agree to your Personal Information being collected and handled as set out in this Privacy Policy.

WHAT PERSONAL INFORMATION DO WE COLLECT AND HOLD?

Under the Act Personal Information is defined as information or an opinion about an identified individual, or an individual that is reasonably identifiable, in whatever form and regardless of whether it is true or not (Personal Information). The Act also defines a subset of Personal Information as sensitive information (for example health records, racial or ethnic origin, religious beliefs, criminal records).

The types of Personal Information we collect and hold will depend on the circumstances of collection and on the type of service we are providing. For example, when we are engaged to sell a property, we may collect and hold Personal Information from both the seller and potential buyers such as name, address, email address, telephone numbers, employment details and details about their business.

We may also collect and hold certain sensitive information that is reasonably necessary for the provision of our services, including health and criminal records. If you provide us with any sensitive information, you consent to us collecting that information and handling it in accordance with this Privacy Policy.

HOW WE COLLECT PERSONAL INFORMATION

We may collect Personal Information about you directly when you deal with us over the telephone, send us correspondence (whether by letter, fax or email), have contact with us in person, visit our websites or complete hard copy or online forms.

There are also circumstances where we may collect Personal Information about you from someone else. For example, from:
• Market research companies contracted by us to obtain information so that we may improve and market our services;
• Your employer;
• Other agents and valuers who may be involved in the services we provide;
• Property developers who contract us to market properties;
• Publicly available information and databases;
• Any of the companies within the St Trinity Property Group (both local and overseas);
• and Anyone you have authorised to deal with us on your behalf.

We also automatically collect certain information when you visit our websites or our subscribers receive promotional emails from us via cookies and other tracking technology (such as web beacons), some of which may be capable of personally identifying you. Such information includes the type of browser and operating system you are using, your IP address and how you use our websites.
Depending on the type of service you or our customers have requested, we may also seek to collect information about someone else from you (for example, contact details of your solicitor, emergency contact person or tenant). However, you must not provide us with Personal Information about another person unless you have clear consent from that person to do so, told them that their Personal Information will be handled in accordance with this Privacy Policy and directed them to where they can find it.
Regardless of how it is collected, we handle Personal Information in accordance with this Privacy Policy.

WHY WE COLLECT, HOLD AND USE PERSONAL INFORMATION

We generally collect, hold and use your Personal Information for the purposes for which it is provided to us (which will usually be obvious at the time of collection), related purposes or as permitted or required by law. Such purposes may include:
• Acting as agent for vendors or purchasers in relation to the sale of a property;
• Acting as agent for owners or tenants in relation to the leasing and or valuation of a property;
• Project management services;
• Structured advisory services;
• Town planning services;
• Capital allowances services and other consulting services in relation to the property market;
• Administration of our business, such as collection of overdue commissions or outstanding fees;
• Responding to client enquiries and communicating with you from time to time to maintain contact and keep you updated on the services you have requested;
• Forecasting future needs of our services and general quality assurance and training purposes;
• Engaging in legal proceedings and/or enforcing judgments and/or orders;
• Complying with the applicable legal or regulatory requirements and/or orders of competent authorities;
• Providing you with promotional and marketing information, including market research reports, newsletters, event invitations and/or property market information relating to our products and services which we think may be of interest to you; and Any other purpose identified at the time of collecting your Personal Information.

We generally use information automatically collected by cookies and other tracking technology to identify you as a valid user, ensure that no one else can sign on simultaneously with your account from another computer and help us serve you better based on your registration preferences. We may also use cookies to help us facilitate any promotions or surveys that we provide. Third parties whose products or services are accessible on our websites may also use cookies, and we advise you to check their privacy policies for information about their cookies and other privacy practices.

DISCLOSURE OF PERSONAL INFORMATION

We may disclose your Personal Information to third parties as may be necessary for any of the purposes stated in the above section. Such third parties generally include:
Our third party providers, contractors, consultants, agents and/or representatives (such as law firms, banks, financial institutions, insurers, IT providers, mortgage referral services providers and/or wealth management services providers) who provide services to us or on our behalf, including to:
• Conduct valuations;
• Assist with obtaining payment from creditors;
• Operate data centres;
• Conduct market research;
• Provide advice;
• Potential buyers, tenants, conjunctional real estate agents and brokers for the purpose for which the information was collected or for related purposes (for example to complete a transaction on your behalf or provide you with a service that you requested); Anyone you have authorised to deal with us on your behalf;
• Any of the companies within the St Trinity Property Group and their related companies; Government authorities, regulatory bodies, law enforcement agencies, courts, tribunals and/or parties to the legal proceedings where you have consented to this or we are required or authorised to do so by law;
• Debt collection agencies; and/or Any other third parties identified at the time of collection of your Personal Information.

DISCLOSURE OF PERSONAL INFORMATION OVERSEAS

Some of the third parties listed above to whom we may disclose your Personal Information are located overseas. For example:
Our information technology and business process service providers that are located in countries including (but not limited to) the Indonesia, India and Philippines; and Our overseas clients that are located in the same countries as the companies within the St Trinity Property Group.
Our contracts with these parties generally include an obligation for them to comply with Australian privacy law and this Privacy Policy.
However you acknowledge that, by agreeing to the disclosure of your Personal Information to these entities outside of Australia, we will no longer be required to take reasonable steps to ensure the overseas recipient’s compliance with the Australian privacy law in relation to your Personal Information and we will not be liable to you for any breach of the Australian privacy law by these overseas recipients. On this basis, you consent to such disclosure.

ACCESS, UPDATE AND CORRECTION OF PERSONAL INFORMATION

We take reasonable steps to ensure that the Personal Information we hold about you is accurate, complete and up-to-date. However, we also rely on you to advise us of any changes to your Personal Information. If you are able to access your Personal Information by logging on to an account you have with us, it is your responsibility to ensure your information is accurate, complete, relevant and up-to-date.
On request we will provide you with access to the Personal Information we hold about you, including for the purpose of correcting or updating that information, unless otherwise required or permitted by law.
There is no charge for making the request or giving the access to your Personal Information. We will deal with your request within a reasonable period after the request is made.
If we refuse to provide you with access we will provide you with a written notice that, at a minimum, outlines reasons for the refusal and the complaints mechanisms available to you.
If you wish to access the Personal Information we hold about you or to update or correct it, you can either do so by logging on to your account (if you have one) or contact us using the contact details provided below. We will require you to verify your identity and specify what information you require.

SECURITY OF PERSONAL INFORMATION

We take reasonable steps to protect any Personal Information that we hold from misuse, interference and loss and from unauthorised access, alteration and disclosure. For example, we implement IT security procedures including password protection, firewalls and site monitoring and we store your Personal Information on a secure server.we store your Personal Information on a secure server.
However, data protection measures are never completely secure and, despite the measures we have put in place, we cannot guarantee the security of your Personal Information. You must take care to protect your Personal Information (for example, by protecting any usernames and passwords). You should notify us as soon as possible if you become aware of any security breaches.

DIRECT MARKETING

When you register as a member on our websites, you will be given a choice as to whether you want to receive e-mail messages from us, including newsletters, announcements and e-mail communications about our latest news, products or services. To the extent the relevant local law requires us to seek your consent, we will only send such messages to you if you opt-in. If you do not wish to receive direct marketing calls or materials, you may use the unsubscribe facility in the marketing communication or contact our Chief Privacy Officer using the channels prescribed below. Further, as a registered member with us, you can modify your choice at any time by accessing your registered account with us. We will stop using your Personal Information for direct marketing if you so request.

PRIVACY ON OUR WEBSITES

Our websites may contain links to the websites of other entities. If you click on such links, you will be transferred to the websites of these entities. We have no control over, and are not responsible for, the privacy practices of these entities. You should read the privacy policy of these entities to find out how they handle your Personal Information when you visit their websites.

WHAT IF YOU HAVE A COMPLAINT?

If you wish to make a complaint about a breach of this Privacy Policy or the Australian Privacy Principles of the Act you can contact us using the contact details below. You will need to provide us with sufficient details regarding your complaint together with any supporting evidence. Our Chief Privacy Officer will investigate the issue and determine the steps that we will undertake to resolve your complaint. We will contact you if we require any additional information from you and will notify you in writing of the outcome of the investigation. If you are not satisfied with our determination, you can contact us to discuss your concerns or contact the Australian Privacy Commissioner via www.oaic.gov.au.

PRIVACY & SITE CHANGES

St Trinity Property Group may update this Privacy Policy from time to time so please review it periodically for changes. If the changes are significant or substantive, they will either be advised to you in writing or posted on our websites at www.sttrinity.com.au. Your continued use of our websites or services, requesting our assistance or the provision of further Personal Information to us (directly or via an authorised person) after this Privacy Policy has been revised, indicates your acceptance of the revised Privacy Policy.

OUR CONTACT DETAILS

If you have a query relating to this Privacy Policy or wish to make a complaint, please contact us using the following contact details:
• St Trinity Property Group
• Chief Privacy Officer

• PO Box 1235
• Menai NSW 2234
[email protected]

MORE INFORMATION

For more information about the Privacy Act in Australia and protecting your privacy, visit the (external link) website below:
oaic.gov.au