Reasons to invest in rental properties in Canberra region

Investing in rental properties in Canberra can allow you to earn a good passive income because it offers attractive investment opportunities that ensure your return on investment! But what are the main reasons why investors should consider investing in Canberra? 

Check out some reasons why investing in an investment property in Canberra is a profitable idea:

• Great living conditions

Canberra is one of the most liveable cities in the country with a high household income, top-quality amenities, great infrastructure, and a strong job market. The city is also deemed as of the safest cities in the world!

Canberra is home to prestigious universities like the Australian National University and the University of Canberra. There are also renowned research institutions such as the Australian Academy of Science, the Australian Institute of Sport, and the Commonwealth Scientific and Industrial Research Organisation.

• Strong financial situation 

Canberra is among the fastest-growing cities in Australia with a solid and flourishing economy. The city is a leading center of business innovation, research, academics, government, and more! There’s a bright future for Canberra’s economic growth. nd thanks to this, more people are considering relocating to the city, which puts its real estate market in a positive light.

Australia’s capital city also has a strong labor market with a low unemployment rate of 3.5% as of March 2023. This is lower than the national average. The leading economic sectors in Canberra are renewable energy, finance, ICT, aerospace, digital commerce, and public administration & safety.

• Wide variety of leisure activities

Canberra is home to outstanding open-air areas, impressive architecture, rich culture & history, as well as intriguing wildlife and breathtaking nature. So we can all agree that it has something for everyone by offering the best of both worlds!

The Australian capital has a wide array of leisure opportunities that locals and visitors alike can choose from. In Canberra, you can discover the country’s history while exploring museums and national landmarks, visiting impressive art galleries and exhibitions, or even attending live events and festivals! You can also discover Canberra’s great dining scene. Enjoy exquisite wine in one of its wineries. Or if you prefer a cold beer, there are some top-tier breweries!

On the other hand, you can also reconnect with nature by visiting one of ACT’s parks and natural reserves like the Tidbinbilla Nature Reserve, Namadgi National Park, and Molonglo River Reserve among others. Bonus: You can also meet Aussie animals!

Top reason for Buying An Airbnb Property in Canberra 

It’s a given fact that Canberra is a popular modern as well as a cultural city that draws a lot of tourists with its impressive green spaces, but what else is there to know? Here are some of the major reasons why you should consider buying a property for Airbnb in the capital city of Australia:

1. Modern city with a peaceful lifestyle

Although Canberra is a big city as well as the capital of Australia, it offers the best of both worlds as you can manage your listing while admiring the beautiful and calm city vibe. While the city has a lot of recreational and green spaces, it also has a lot of accessibility to supermarkets, restaurants, museums, etc. As a plus, the locals are very friendly here!

2. Profitable median rental return

According to Liviti, investors have a better chance to obtain a nice rate of return with Canberra property as the latest rental return for apartments here is 5.7%, which is higher than the rental return that Sydney offers (3.5%).

3. Rising economy

Something that will surely catch investors’ attention is that the economy of ACT is always growing! Thanks to this, Canberra is one of the most liveable cities that enjoys a strong local economy that allows increasing the job market and delivers more investment into the infrastructure.

4. A place that welcomes a great number of visitors

Canberra has much to offer to visitors, from cultural attractions to recreational activities! The city can easily captivate visitors and as a matter of fact, ACT welcomes around 4,6M tourist arrivals annually according to VisitCanberra portal.