Apartments still haven't recovered from the COVID slump, especially in capital cities. However, regional house prices are skyrocketing as flexible work arrangements triggered an exodus.
Despite the financial implications facing universities from the loss of revenue from international students, the University of Canberra plans on a $5 billion transformation of its Bruce campus.
“Before you start trying to work out which direction the property market is headed, you should be aware that there are markets within markets.” - Paul Clitheroe
Billions will be added to the region's economy from the construction of a technology and business park, national-level sporting facilities, light industrial precinct and 1,500 homes.
Now officially open, the 4.6km Ellerton Drive extension "provides an alternative route around the Queanbeyan CBD and links traffic to the growing southern suburbs."
After years of poor economic activity, Queanbeyan hopes to become a cultural and economic hub with the Civic and Cultural Precinct and transformation of its CBD.
Construction is expected to begin in 2022 on the 34-storey mixed-use development which will be recognised as the tallest building in the south-west Sydney region.
With its fifth consecutive year of house price growth, Canberra continues to experience a strong economy, a rising population and the highest average wages in the country.
A self-contained township near Canberra with natural beauty aplenty and excellent capital growth potential. Googong is on the radar of savvy investors.
