Canberra houses hit record high in two-speed market

Canberra house prices reached a record $1.084 million median this year, establishing a new peak for the first time since 2022, the latest Domain House Price Report reveals.

This marks four consecutive quarters of growth and represents the longest uninterrupted stretch of gains since the 2020-to-2022 boom.

While the quarterly growth rate has eased considerably – slowing to about a third of the previous quarter’s pace – annual growth strengthened to 9.7 per cent. This reflects robust conditions through late 2025 and is the fastest annual rate since mid-2022.

According to Domain chief of residential economics Dr Nicola Powell, the current economic backdrop is now constraining demand and slowing the pace of gains.

Nationally, Canberra’s 1.4 per cent quarterly increase lagged behind the combined capitals’ average of 1.8 per cent. Darwin led the country with an 8.4 per cent surge, followed by Perth at 5.7 per cent, Adelaide at 5.2 per cent, Hobart at 4.7 per cent and Brisbane at 4.2 per cent.

Sydney and Melbourne were the only two major cities to record declines, slipping by 0.04 per cent and 0.6 per cent, respectively.

View property

Locally, the report shows the Gungahlin region led quarterly house price growth with a 3.5 per cent jump to $905,000, while the Tuggeranong region emerged as the strongest overall regional performer, with houses up 2.6 per cent to $900,000, alongside a significant 6.7 per cent spike in unit values.

North Canberra house prices rose 2.3 per cent to $1.254 million, and the Belconnen region gained 1.7 per cent to reach $890,000.

South Canberra remained the territory’s most expensive region with a median of $1.81 million, though prices were flat over the quarter.

In contrast, the unit market moved firmly in the opposite direction. Unit prices fell 2.9 per cent to $489,304, its third consecutive quarterly decline and the weakest result in a year.

Powell described a clear “two-speed market, with detached housing proving more resilient while unit values continue to lag”, with the price gap widening to a record high of 121 per cent.

$512,000

17/21 Braybrooke Street, Bruce ACT 2617

2

1

2

View property