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Steve

Steve

Braddon Canberra Review ?

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I am planning to buy a unit in Braddon Canberra for investment, suggestions ?

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John John

Braddon is an inner north suburb only 1km from the city. It has developed quiet a lot in last decade. It now has cafes, restaurants, bars and stores. It has a great environment with lot of green open spaces.



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Joshua Joshua
James

There is a huge supply of units coming up along the Northbourne Avenue light rail route, Braddon and other parts of Canberra as well. There are units and townhouses everywhere. Don't expect capital growth for these in the next ten years. Rent are strong and will cover interest component of the mortgage.

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Justprop Team Justprop Team

Unit market has been on lower side due to oversupply around gungahlin town centre area. Captial growth has been sluggish prices and rent have been pretty much flat in range of $530-550 /week for 5-6 years now. But things can turn positive as vacancy rates are pretty attractive around 1% and there are no land left for further development.

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