Are properties in long ‘hold period' suburbs a better investment?
A ‘hold period' is a calculation which measures the time period between sales, expressed in years. Suburbs with long ‘hold periods' are long established desirable areas with good infrastructure. This week we look at suburbs in Canberra with some of the longest ‘hold periods'. The Canberra suburbs examined this week include:
- Melba – Properties are held for an average of 11.1 years.
- Red Hill – this suburb has an average ‘hold period' of 10.6 years before being sold.
Plus coverage of:
- In an interview with First National CEO, Ray Ellis speaks about regional Australia and areas which are experiencing growth.
- This weeks Tax Tip looks at the tax benefit of having a swimming pool.