Of course it's good value for money. Supply v demand makes it cheaper cos no merkin wants to live there. Plus the recent budget announced 6.500 ACT public service jobs were axed. That will lead to an exodus I expect.
BTW, it's leasehold rather than freehold in ACT.
Cheaper? Canberra is ridiculously overpriced as far as houses go. Have a look at allhomes.com.au. An entry level three bedroom place will set you back about 400k. As far as leasehold goes for all practical purposes, it is no different to buying anywhere else. I doubt the Crown will take my land back when I'm 130.
To say people don't want to live here is ridiculous. Some of us like the compromise of living in a 'medium' sized city rather than a big city like Sydney or Melbourne. Some of us like having a little coast house and doing weekend trips to the beach. Some of us like snow trips during the winter. There are many good reasons to live here, but I can understand why it is seen the way it is.
Like I said though, as a young bloke with money and spare time, I would be living in Sydney or Melbourne. Even the Gold Coast. When I was younger I lived in Melbourne for a while and Gold Coast for a while. Now as a family man, Canberra is a good fit.
