Why Canberra could shortly pip Sydney for prices
By Maja Garaca Djurdjevic
07 April 2021
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1 minute read
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The Property Nerds are confident the ACT has the potential to pip Sydney for prices within the next 12 to 18 months.
Inventory levels in the ACT are sitting at 1.3 per cent, pushing median house prices above $1 million. Given the nation’s capital is burgeoning at a quicker pace than expected, The Property Nerds are confident the ACT will pip Sydney for prices in under 18 months.
“It’s surging. The inventory levels are certainly the lead indicator for us,” one-half of the self-proclaimed data nerds, Kent Lardner, said on a recent episode of The Property Nerds podcast.