Casey hits its stride in Canberra's property market as house prices soar

The suburb of Casey has emerged as one of Canberra’s strongest-performing property markets, with its median house price increasing by 12 per cent over the past year, according to new data.

The latest Domain House Price Report for the June quarter shows 120 house sales over the past year pushed the median to $962,750. This is a 43.2 per cent increase over five years, placing Casey’s growth ahead of several neighbouring suburbs.

The area sits about 20 kilometres from Canberra’s CBD, and local agent and resident Mathew Kocic of Carter and Co Agents said the strong buyer interest reflected its balance of suburban space and city convenience.

“Casey is a relatively new suburb offering well-designed housing near a host of amenities, including quality schools, parklands and the vibrant local shopping strip,” he said.

$949,000+

(no street name provided), Casey ACT 2913

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“It’s become a real lifestyle suburb with something for everyone.” 

Kocic said growing interest from both families and investors underscored Casey’s lifestyle appeal and also confidence in the suburb’s long-term growth.

The suburb has been shaped by modern planning, with a mix of established homes and community facilities that have helped spur demand.

A recent high-performing sale was the six-bedroom house at 40 Hanley Street, which sold for $1.85 million in June through Verv Property.

Casey’s performance is indicative of a broader trend in the Gungahlin region. The nearby suburb of Crace also recorded strong results, with its annual growth rate of 6.1 per cent taking its median house price to $1,161,500.

Over a five-year period, Crace reported the highest growth in the precinct, with an increase of 51.8 per cent.

$740,000+

4/33 Ronald Walker Street, Casey ACT 2913

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