We recently caught up with James Elliot from Geocon, Canberra’s best-known developer. James provided a great overview of why so many investors are shifting their focus to the nation’s capital city. Geocon is an integrated development and construction group with a dedicated hotel operation.
According to the Australian Financial Review (AFR), Canberra’s property market is expected to keep its head above water in 2019 while several other capital cities across the country are likely to suffer a very different fate. AMP Capital chief economist Shane Oliver anticipates low single-digit growth for property prices in Canberra.