Ray White and CoreLogic Reveal Canberra’s Most Expensive, Affordable Streets | Canberra weather

news, latest news,

It would cost more than $ 2 million to buy a house on Canberra’s two most expensive streets, new data has revealed. Ray White Economics has compiled a list of the most expensive and affordable streets in Canberra, based on the past three years of home sales. Investigator Street in Red Hill, where the median house price is $ 2,202,500, and Hopetoun Circuit in Yarralumla, where the median is $ 2.05 million, top the list of the most expensive ACT streets. MORE PROPERTY NEWS: La Perouse Street and Monaro Crescent in Red Hill and Jacka Crescent in Campbell round out the top five. The data also revealed the most affordable streets in the capital. The Harrington Circuit in Kambah, with a median house price of $ 530,750, and Paul Coe Crescent in Ngunnawal, with a median street price of $ 569,400, topped the list. Ray White Economics data analyst William Clark said Australia’s most expensive streets have broadly similar characteristics. Large block sizes, proximity to schools, and good public infrastructure were all contributing factors. In Canberra, access to parks and recreation areas was also a big selling point. Mr. Clark said Duffy Street in Ainslie, where the median house price is $ 1,555,000, was remarkable because it backs onto Mount Ainslie. “You don’t get that on a lot of the streets in Australia,” he said. It’s no surprise to local agent Christine Bassingthwaighte of Blackshaw Manuka that three Red Hill suburbs are on the most expensive list. “Red Hill is a very desirable suburb in the interior south,” she said. “It’s close to shopping, close to premium schools and also has easy access to public transport. It’s green, there are wider streets and tall trees … it’s just a really nice place. to live.” One of Ms Bassingthwaighte’s recent listings in Red Hill, 235 La Perouse Street, sold in December for $ 2.7 million. The house consisted of four bedrooms, including an independent studio, 2.8 meter high ceilings, a tiled outdoor swimming pool surrounded by gardens. Notable sales this year on Canberra’s most expensive streets include 67 Investigator Street, Red Hill, which sold for $ 2.72 million in March, and 109 Hopetoun Circuit, Yarralumla, which sold for $ 3.96 million in May. In Ray White Economics’ list of the most affordable streets, Werriwa Crescent, Isabella Plains and Constance Stone Street and Osburn Drive in Macgregor were also in the top five. Mr Clark said homes on smaller blocks or near major roads often attract lower prices. While streets further from city centers have traditionally contributed to more affordable prices, Mr Clark said that was no longer the case. “Recently, with the blockages and the widespread digitization of roles, the estrangement has not been so worrying [for people] and more remote suburbs have become more expensive, ”he said. Andrew Curren, director of LJ Hooker Tuggeranong, said that even in the most affordable parts of ACT, homes are now out of reach for many buyers. by the time any free-standing home, even something in pretty bad shape, should be at least $ 750,000 and up, ”he said. Mr. Curren recently sold a property on Werriwa Crescent in Isabella Plains, which was listed as one of the more affordable streets at a median price of $ 615,000. “The size of the block was only around 600 square meters, so it’s not a rambling block like you can sometimes see in Tuggeranong, and we got $ 810,000 for it,” he said. declared. “Overall, it’s probably one of the more entry-level streets in Isabella Plains, but today’s entry-level prices aren’t what they used to be. Our newspaper ists work hard to provide local and up-to-date news to the community. Here’s how you can continue to access our trusted content:

/images/transform/v1/crop/frm/146508744/3ddf1e53-690b-4f71-bd2d-d26eef75db41.jpg/r1_155_1619_1069_w1200_h678_fmax.jpg

Leave a Reply

Your email address will not be published. Required fields are marked *