How often can you increase the rent?

Rent cannot be increased at intervals of less than 12 months. Landlords must give tenants at least eight weeks’ written notice of a rent increase. In a fixed-term lease, the increase date must be outside the term dates.

How will you find the perfect tenant/s for my property?

Our leasing consultant will meet all potential tenants when conducting open homes for the property. Our leasing team will then closely assess whether the property will be a right fit for those who have applied for the property. Once the applications have been processed and the references have been called for each, we take all applications to the owner, who will decide which applicant to approve of living at the property.

How many routines can be conducted yearly?

A landlord is allowed to inspect a property twice every 12 months. The landlord can also conduct an inspection within the first month of the tenancy and within the last month.

What maintenance is the tenant responsible for, and what is the landlord responsible for?

If there is a noticeable impact or damage that has occurred during a tenancy, it usually falls under the tenant. General upkeep, such as a globe, also falls under the tenant. If the damage falls under general wear and tears due to ageing, this will fall under an owner to repair. However, maintenance can always be a grey area, so it is best to ask your property manager first.

How much notice must a tenant provide if they are on a periodic tenancy?

A periodic lease is a month to month. In the ACT, tenants are only required to give 21 days’ notice in writing.

What is the process if my tenant requests to keep a pet at the property?

If the tenant requests to keep a pet at the property, they must write to the lessor to ask for consent. If the lessor refuses to consent, they will be required to apply to the ACT Civil and Administrative Tribunal for approval.

🏡 Social Media Update: Q1 2025 Canberra Property Wrap & What’s Next! 🏡

Posted in Insights June 12th 2025

As we move through the middle of the year, it’s the perfect time to pause and analyse the dynamic movements of the Canberra property market. The first quarter of 2025 has been a fascinating period, marked by shifting trends, new government policies, and renewed buyer activity.

For anyone considering their next property move, understanding these trends is crucial. Join us as we break down what happened in Q1 and explore what might be on the horizon for the rest of 2025.

A Rewarding Start to the Year at Hayman Partners

Here at Hayman Partners, the year kicked off with a flurry of activity, and we are incredibly proud of the results we’ve achieved alongside our clients. We were honoured to be ranked the Number 1 real estate agency in Canberra for May, a testament to the trust our clients place in us and the dedication of our entire team.

The numbers from the first four months paint a clear picture of a busy market:

We successfully brought 151 new properties to market.
We proudly sold 126 properties for our clients.
Across 1,500 open homes, we had the pleasure of meeting and assisting over 6,000 potential buyers.

Perhaps our most significant achievement was the median sold price of $851,000 we secured for our sellers. This figure stands more than $70,000 above the general market median for the same period and service area, reflecting our commitment to achieving premium outcomes.

The Canberra Market in Q1: A Tale of Two Property Types

Looking at the broader Canberra market, Q1 2025 presented a more subdued start compared to the energetic pace of late 2024. Overall, there were fewer new listings and a slight dip in the total volume of sales. However, this headline figure doesn’t tell the whole story. When we separate houses from units, two very different narratives emerge.

Houses proved their resilience and continued appeal, with the median price in Canberra climbing a solid 3.13% to reach $990,000. In contrast, the unit market experienced a slight overall dip of 1.6%.

This divergence highlights a critical truth about Canberra real estate: it’s a market of micro-markets. Performance can vary dramatically from one suburb to the next. For instance:

Houses in the Inner South saw a phenomenal 18.7% jump in their median price to $2,060,000.
Units in Weston Creek also defied the general trend with a massive 17.3% surge.
Conversely, the unit median in Gungahlin experienced a significant fall of 17.93%.

These statistics underscore the importance of hyper-local expertise when making property decisions.

National Influences: Interest Rates and Housing Policy

Two major national factors shaped the market in early 2025. Firstly, the Reserve Bank of Australia delivered welcome news with interest rate cuts in both February and May. This move has already begun to ease the pressure on household budgets and improve borrowing capacity, injecting a fresh wave of confidence into the market.

Secondly, the ongoing national conversation around housing supply continues to be a dominant theme, keeping the property sector at the forefront of economic discussions and policy-making.

Our Outlook: What’s Next for Canberra in 2025?

So, what can we expect for the remainder of the year? The outlook is broadly positive.

The recent interest rate cuts are expected to fuel further buyer demand. We are already observing strong interest at open homes, and some economists are forecasting Canberra house price growth of around 12% over the next two years.

Locally, a couple of key government initiatives will be important to watch:

ACT Government’s ‘Missing Middle’ Housing Policy: This strategy aims to gently increase density in established suburbs by encouraging the development of more townhouses and low-rise apartment buildings. This could significantly improve housing choice and affordability over the long term.
Expanded ‘Help to Buy’ Scheme: The federal government’s shared equity scheme for first home buyers received a boost in the May budget, potentially providing a vital pathway to homeownership for many Canberrans.

What Does This Mean For You?

If you’re thinking of selling: With strong buyer interest and a high number of properties selling before auction, now is an excellent time to discuss your strategy. Understanding your local micro-market is key to maximising your result.
If you’re looking to buy: Lower interest rates are a significant advantage. Our advice is to get your financing pre-approved early so you can act with confidence when you find the right property.
If you’re an investor: Canberra’s economic fundamentals remain strong. A robust rental market combined with the cash flow benefits of lower interest rates makes for a compelling investment case.

The Canberra property market is constantly evolving. Having advice that is tailored to your specific goals and grounded in up-to-the-minute local data is essential.

If you have any questions about what this market means for you and your property journey, please don’t hesitate to get in touch. Our team is always here for a chat.

Disclaimer: The information in this blog post is general in nature and for informational purposes only. It does not constitute financial advice. Please consult with an independent financial advisor to discuss your personal circumstances before making any financial decisions.

Works cited

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RBA Interest Rate Update May 2025 – Capital Properties, accessed May 26, 2025, https://capitalproperties.com.au/news/rba-interest-rate-update-may-2025/

RBA cuts cash rate again – data hints at more easing – Australian Property Update, accessed May 26, 2025, https://australianpropertyupdate.com.au/apu/rba-cuts-cash-rate-again-with-data-hinting-at-more-easing

RBA interest rate cut outlook: What’s next and how to plan ahead …, accessed May 26, 2025, https://www.aussie.com.au/insights/articles/rba-interest-rate-cut-outlook/

RBA Cuts Cash Rate to 3.85%: Housing Shortage Hits 262k Homes …, accessed May 26, 2025, https://futurerent.com.au/blog/rate-cut-housing-may-2025

Australia over a quarter million homes short of housing target – report, accessed May 26, 2025, https://www.mpamag.com/au/news/general/australia-over-a-quarter-million-homes-short-of-housing-target-report/536797

NAB Australian Housing Market Update: May 2025 | Business …, accessed May 26, 2025, https://business.nab.com.au/nab-australian-housing-market-update-may-2025/

Values higher in April despite uncertainty from tariffs and federal …, accessed May 26, 2025, https://www.corelogic.com.au/news-research/news/2025/values-higher-in-april-despite-uncertainty-from-tariffs-and-federal-election

Home loan activity steady in early 2025 | Mortgage Professional Australia, accessed May 26, 2025, https://www.mpamag.com/au/mortgage-industry/market-updates/home-loan-activity-steady-in-early-2025/535716

Will RBA Interest Rate Cuts in 2025 Supercharge or Shake Property Investment?, accessed May 26, 2025, https://www.highincomeproperty.com.au/property-investment/rba-interest-rate-cuts-in-2025/

‘Year of cuts’ underway as RBA chops rates to lowest since 2023 – realestate.com.au, accessed May 26, 2025, https://www.realestate.com.au/news/year-of-cuts-underway-as-rba-chops-rates-to-lowest-since-2023/

RBA cut ‘straps rocket’ to property market – realestate.com.au, accessed May 26, 2025, https://www.realestate.com.au/news/rba-cut-straps-rocket-to-property-market/

Canberra’s 10 best and worst property markets, and wildly divergent 2025 expectations, accessed May 26, 2025, https://www.apimagazine.com.au/news/article/canberras-10-best-and-worst-property-markets-and-wildly-divergent-2025-expectations

Supporting more ‘missing middle’ homes in Canberra’s suburbs, accessed May 26, 2025, https://www.cmtedd.act.gov.au/open_government/inform/act_government_media_releases/chris-steel-mla-media-releases/2025/supporting-more-missing-middle-homes-in-canberras-suburbs

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🏡 Social Media Update: Q1 2025 Canberra Property Wrap & What’s Next! 🏡

A Rewarding Start to the Year at Hayman Partners

The Canberra Market in Q1: A Tale of Two Property Types

National Influences: Interest Rates and Housing Policy

Our Outlook: What’s Next for Canberra in 2025?

What Does This Mean For You?

Works cited

The right partner makes all the difference.

The right partner makes all the difference.

🏡 Social Media Update: Q1 2025 Canberra Property Wrap & What’s Next! 🏡

A Rewarding Start to the Year at Hayman Partners

The Canberra Market in Q1: A Tale of Two Property Types

National Influences: Interest Rates and Housing Policy

Our Outlook: What’s Next for Canberra in 2025?

What Does This Mean For You?

Works cited

The right partner makes all the difference.

The right partner makes all the difference.

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