2026 is shaping up to be another year of solid, though uneven, growth. At its first meeting for the year, the Reserve Bank lifted the cash rate to 3.85%, up from 3.6%, exactly as most economists expected. One interest rate rise is unlikely to put the brakes on growth because there are not enough properties on the market, particularly for houses. Canberra listings as a whole were down -10.8 per cent in January compared with the same time last year. This comes back to the constraints on the supply side - it’s still incredibly expensive to build new property, from construction material costs through to labour costs and labour availability. Already boosted by the Federal Government’s guarantee scheme for first-home buyers, the under-$1 million market has been the focus of most of the action so far this year. Buyers seeking affordability in Canberra’s outer suburbs lifted values by 0.3 per cent, with most of that stemming from those seeking a traditional house on its own site. House prices rose another 0.8 per cent in February to make it almost 1.6 per cent for the quarter and 6.2 per cent growth for the year, while units and townhouses up 0.1 per cent for the month but remain flat for the year. If you’re thinking of making a move, my team and I will use our experience and market insights to put you in the best position. I invite you to get in touch and experience the Ray White difference for yourself. Andrew Lonsdale Senior Sales Agent Ray White Canberra WHAT’S HAPPENING IN YOUR MARKET?
RkJQdWJsaXNoZXIy MTI3ODI1