Invest
Lowest Unemployment Rate
Canberra boasts the most stable and secure employment market with the lowest unemployment rate compared with all other states.
According to the ABS, as at July 2011 the ACT continued to record the lowest unemployment rate within Australia. The ACT’s current 4.0% unemployment rate is well below the national average rate of 5.3%.
Location pays off at NewActon
With a prime position in the city, by the lake, these apartments have unparalleled views over Lake Burley Griffin, Parliament House and other national icons along with all the necessary amenities right at the doorstep. Located in Canberra’s most awarded precinct, these affordable inner city one, two and three bedroom apartments have long term potential for capital growth.
Source:
Colliers International Research. Please see Terms and Conditions.
Lowest Vacancy Rate
With negligible vacancy rates for apartments in Canberra, it is anticipated that strong rental yields should be achieved for all apartment types at NewActon. Canberra has the lowest rental vacancy and the highest average household income in Australia, making it the ideal market to invest in. Canberra has the 3rd largest office market in Australia (after Sydney and Melbourne) resulting in low rental vacancy and strong hotel guest night occupancy, with NewActon and Nishi supplying 33% of all boutique and 5 star hotel accommodation rooms in Canberra. You can’t go past it.
Projected Household Growth
- Household numbers projected to grow 15% between 2011 and 2021
- The ACT Government’s Live In Canberra campaign is designed to attract skilled workers to Canberra
who in turn will seek housing. - The Canberra Spatial Plan states the household formation rate is predicted to fall to 2.2 persons
per household by 2032, also resulting in a need for increased housing options. - During 2009 to 2010, approximately 2,700 persons migrated from overseas to ACT.
- Migrants are attracted to the ACT due to the security provided by Government employment.
Saving Money, Being Green
Nishi’s positive reputation and unique character and focus make it a worthy investment prospect. Energy efficient fittings and appliances provide significant ongoing savings in energy, water and other operating costs.
Carbon pricing will increase power
bills, pushing people to move into an
era of green living and reduce energy consumption. Energy efficiency measure will become more cost effective as costs for (particularly) cooling and heating continue to rise. NewActon Nishi apartments are designed for Australia’s future (no matter which party is in power) with energy efficient fittings, natural ventilation, high performance glazing and passive solar heating – the main benefits are on power saving, costs saving and reducing your carbon footprint.