Category Archives: The Market

Woden Market Report – January 2022

Greeting from the team at Peter Morrell Real Estate! We hope you are well and enjoying the summer weather.  For the market, Canberra’s house prices soared by almost $1300 each day in the three months to December, setting a new record high for the city’s median house price which now sits at $1.178 million, new research…
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Should you buy a “fixer-upper”?

With a fair proportion of Australians currently glued to "The Block" and home prices soaring, we're finding that many buyers are attracted to the thought of buying a run down home that they can fix up.   Taking on a fixer-upper can seem like an intimidating project at first, but it can also be a super…
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3 Reasons we aren’t in a housing bubble

Home values in Canberra appreciated 10.6% over 2020 and analysts predict another 5% this year. This is one reason some are concerned that there will be another housing bubble like we experienced a decade ago. Here is what makes this market different compared to last time: 1️⃣ This time, housing supply is extremely limited. The…
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