Growth

Canberra leads the way in property growth

By Staff Reporter• Wednesday, 13 Oct 2010•3 min read

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Staff Reporter

Canberra is expected to outperform the other property markets over the coming 12 months.

According to NAB’s quarterly Australian residential property survey, prices are expected to climb by 5 per cent over the coming quarter in the nation’s capital city.

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Brisbane is predicted to be the poorest performing capital city, with just 0.1 per cent growth expected over the coming quarter.

Overall, properties in the sub-$500,000 category remain the top pick for capital growth over the next 12 months, with those tipping $2 million expected to perform the worst.

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