Stats show that Canberra's homeownership rate is around 43%. Are you looking to start investments in real estate property but are unsure about where the best place is to start? If so, it’s probably the best time to consider investing in Canberra properties.

Not only is it Australia's capital city, which means the place is well developed and abounds in all the amenities that would be required for a comfortable stay. Adding to this, there are also many other benefits that come with the purchase of properties in such a place that you may not have considered. Here are the top five reasons why it's time for you to put your money in investment property Canberra:

It's the Capital City of Australia

Canberra has been a city of prominence ever since it was named the capital of Australia back in 1913. From the time of its establishment, Canberra has been a hub for Australian politics and offers a unique set of benefits to the people.

With a strong government sector, the city is full of important government establishments and a thriving businesses sector, which enhances the city’s living standards and work culture. Consequently, Canberra boasts of ample work opportunities and other important infrastructural amenities for its residents. Because of this, it is also an area that would benefit from having more workers who would commute every day.

There are also the typical benefits that come with living in a capital city, such as better public transportation and more job opportunities. This makes it perfect for people looking to invest in real estate property. There is always something on at all times, so there would always be an opportunity to rent out your properties when you aren't using them.

It's a Tourist Attraction

Canberra gets over 6.1 million visitors annually and is a tourist attraction for many different reasons. The city has been voted amongst the top three places to visit in Australia and even placed 3rd in Lonely Planet's "Best in Travel" list, making it a great place to invest in real estate property.

The Way It's Governed Is Similar To New Zealand and Canada

If you're planning on investing in a real estate property but are unsure what city to start with, it might be time for you to look into Canberra. As well as being the capital city of Australia, it is governed in a similar way to both New Zealand and Canada.

So, if you're originally from either of these places, investing in Canberra real estate would allow you to still feel at home.

It's Home to Many Professional Sports Teams

Canberra is home to many professional sports teams such as the Canberra Raiders (Rugby League), the Canberra Capitals (Women's Basketball), and many of Australia's most significant sporting events. So, it is an excellent spot for sports enthusiasts.

Close to Sydney, Melbourne, and Snowy Mountains

And finally, an important reason to consider looking for an investment property in Canberra is its incredible closeness to Sydney and Melbourne and the snowfields and other ski resorts. So if your tenant is looking for a holiday home, this would be the perfect place to start.

Wrapping Up

Canberra is an excellent place to live or holiday in. If you’re interested in investing in real estate in Canberra, it's best to seek professional help from real estate experts regardless of whether you buy the property to live in or sell.