AUSTRALIAN CAPITAL TERRITORY
It ’ s been a busy 12 months for the capital , with volumes close to doubling to represent $ 1.46 billion . There ’ s a high proportion of local investment into Canberra given the leasehold structure , however we ’ ve seen some larger investment by funds also . Canberra ’ s office market has held up best during COVID-19 , with higher occupancy rates which hasn ’ t gone unnoticed by investors . Similarly , low vacancy rates for industrial and the limited zoned , developable land has seen land values rise considerably .
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