APM Housing Market Report June 2013 – Canberra

Australian Property Monitors says: “The Canberra housing market continues to tread water, weighed down by a faltering local economy and concerns about public sector job shedding, due to a deteriorating federal budget. Prices growth is expected to remain subdued as a consequence, with the April unemployment rate at 4.7 percent, the highest April rate recorded in the ABS series for the city, and well ahead of the 2.9 percent recorded over April the year before”.