Canberra is still one of the country’s best-performing economies on the back of strong population growth, but any tightening of the federal budget could take some wind out of its sails, a new Deloitte report says.

 

It comes a separate report from BIS Oxford Economics, also published on Monday, said the introduction of first home buyer stamp duty exemptions in the ACT from July 1 was expected to help housing price growth.

 

“Although unit price rises will be weighted toward the end of the forecast period as the current supply pipeline is worked through,” it said.

 

The report said the minimal house price growth in Canberra from 2017-18 to 2018-19 had been impacted by record unit supply, an impending federal election and first home buyer incentives in New South Wales.
Share On :
FacebookTwitterGoogle+LinkedInEmail