Australian Capital Territory tops global wellbeing report

By the resi financial blog team, 30 June 2014

ACT tops wellbeing report

Anyone interested in finding a great place to set up shop with their family and purchase their first home should give some thought towards the Australian Capital Territory, which just made first place in the Organisation for Economic Co-operation and Development's (OECD) Regional Well-Being Report 2014. This is a great honour and highlights a number of great things about the small territory at the heart of our nation. 

In fact, the territory beat out 362 other OECD regions across 34 countries to come first, with Property Council of Australia's ACT Executive Director Catherine Carter stating that Canberra is truly an exciting place to be living and working at this time. 

"There is only one place in the entire OECD that scores 9 out of 10 or more for each benchmark - and that is the Australian Capital Territory. Canberra topped the table in six of the eight benchmarks: education, employment, disposable income, safety, healthcare and accessibility to services. We scored 10 out of 10 for civic engagement - alongside all other states except the Northern Territory," said Ms Carter in a June 26 statement. 

"These results should come as no surprise to Canberrans, who know they live in a wonderful city. What this does underscore is our golden opportunity to build one of the world's most liveable cities. To do this, we need to make housing more affordable, set a fair level of property taxation and ensure our infrastructure supply keeps up with demand." 

Moving forward into the future, this growth is expected to grow. With the rising population heading towards the nation, establishing you and your family into the region as soon as possible could be the best thing to do. Getting in contact with a financial expert to discuss the home loan options open to you will help you find the right mortgage product and get you set up in a family home in no time at all. 

Categories: Home Loans, Personal Finance