There are still potential capital gains to be made buying established homes on larger blocks throughout Canberra.
In the Belconnen area, the premier locations – especially old Bruce, Aranda, Weetangera, Cook and Hawker – are particularly high on everyone’s wish list.
If they’re out of reach, the suburbs around them are also a great drawcard as feeder areas to access excellent schools and the Belconnen Town Centre.
The sudden rush created by Mr Fluffy owners has lost some of its impact on the market, however there’s still plenty of competition at well-presented homes that have the fundamentals and sought-after factors that buyers desire.
Geraldine Rutherford is co-principal of Rutherford Johnston Properties