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Real Estate Confidence Increases in the Australian Capital Territory

By Ben Faulks

The latest Property Council – ANZ Property Industry Confidence Survey has highlighted an increase in confidence for the Australian Capital Territory real estate market, which could be great news for those interested in purchasing houses for rent in Belconnen.

The state's confidence index rose from 99 points during the December quarter up to 111 for the March quarter. A score of 100 is considered neutral, which indicates that the overall attitude towards property has increased substantially in the state.

Property Council Australian Capital Territory Executive Director Catherine Carter said the result put the state in great stride for the start of the year, with 2014 expected to be a great year for real estate nationwide.

"The Australian Capital Territory economy has proven to be quite resilient. Helped by strong population growth and low interest rates, the residential property market has been strong," said Ms Carter in a January 16 statement.

This could indicate a great time to get involved with the Belconnen real estate market. If you're considering selling or buying property in the region, the current climate could be conducive to aiding your real estate success in the near future.

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