Canberra Sept 2008

- Canberra's housing market is showing signs of slowing down, with house prices decreasing 2% in the quarter and affordability becoming an issue. - Rental growth is also slowing but rents are still considered too high, leading to rental stress. Vacancy rates increased to 1.1% in the quarter. - The local economy remains strong due to government employment, but public sector spending cuts could impact jobs. Population growth was also lower due to declines in interstate and overseas migration.