“Canberra housing value rises in May amid national

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canada goose coats on sale July 1 2020 10:00AMCanberra housing values have subtle rise amid national downturn: CorelogicLucy BladenUnits posted a slightly higher growth in Canberra over the month, with values up 0.3 per cent to $444,181. House values rose 0.1 per cent in the nation’s capital to a value of $716,150.While prices have fallen nationally, Corelogic head of research Tim Lawless said a downward pressure remained mild to date. He said low stock levels had attributed to this.”A variety of factors have helped to protect home values from more significant declines, including persistently low advertised stock levels and significant government stimulus,” he said.”Additionally, low interest rates and forbearance policies from lenders have helped to keep urgent sales off the market, providing further insulation to housing values.”Canberra housing value rises in May amid national decline’Poor take up’ of ACT government’s affordable housing blocksThe Canberra suburbs where rates are set to rise and fallBut despite the mild decline, Mr Lawless said the longer term outlook remained uncertain.”While it is encouraging to see lenders have recently hinted at an extension in their repayment leniency policies, the government stimulus will eventually taper and banks will require borrowers to repay their loans,” he said.. canada goose coats on sale

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