SuperUser posted on March 13, 2012 11:39
ACT named as hot investment spot
Two ACT suburbs have been named in the top investment areas across NSW and the territory by McGrath Estate Agents.
In his autumn market review, McGrath real estate chief executive John McGrath listed Dickson and Kambah amongst the best buy suburbs outside Sydney for future growth.
He described Dickson as well located as well as affordable.
“Under the new Dickson master plan through ACT Government, there are plans that will encourage and improve large scale investment into new infrastructure in retail and commercial sectors,” he said.
“There are some excellent buying opportunities with unit developments catering to a wide section of the community from owner occupiers, investors and first home buyers who can enter this market in a very affordable entry point of $350,000 to $450,000”.
Mr McGrath said Kambah also offered affordable properties in a well-established suburb with many lifestyle benefits.
“The southside of Canberra is seeing a young and growing population who are seeking a family oriented environment,” he said.
“Kambah is experiencing a consistent supply and demand of property in the area ranging from $350,000 to $1 million.”
Other growth areas listed in the quarterly market review included Bowral and Katoomba.