According to the latest Australian Property Monitors report, Belconnen real estate has undergone some great growth over the last year, which could be great news for anyone interested in selling their home in the region.
Over the last year, the median price for homes has increase by 2 per cent.
This growth is reflected in the overall increase in the Canberra region over the last 12 months, which saw the median price for real estate increase by 3 per cent. These figures are expected to continue increasing well into the future, with a projected increase of 1 to 3 per cent during 2014.
Low interest rates were one of the reasons for the increasing buyer demand across the nation, which dropped following the Reserve Bank of Australia's (RBA) decision to reduce the official cash rate last year.
The cash rate is now at its lowest headline point in 60 years, which has helped to significantly improve affordability and accessibility for a number of buyers across the the nation. This could offer a great opportunity for smart buyers to securehouses for sale in Belconnen.