Investors

The quality of the Quayside apartments and the inner-city location suggests a strong investment opportunity. The enviable location within the Kingston Foreshore precinct and proximity to the marina itself also indicate that these apartments will be highly sought after now and for the long term.

Canberra at a glance

• Population (MAR ‘09) : 349,900
• Median age (JUN ‘08) : 38 years
• Average weekly earnings (MAY ‘09) : $1,143.40
• Unemployment rate (SEPT ‘09) : 3.5%
• Median asking rent (houses) (JUN ’09) : $400 PER WEEK
• Median asking rent (UNITS ) (JUN ’09) : $395 PER WEEK
• Gross rental yield for units (AUG ‘09) : 6.3%
• Vacancy rate (JUN ‘09) : 1.5%

Source: REIA - Real Estate Institute of Australia, ABS - Australian Bureau of Statistics, API - Australian Property Investor