The Canberra suburbs where house prices have surged by up to 23 per cent

While Canberra’s housing market recorded a softer June quarter overall, several suburbs delivered strong double-digit growth, highlighting the highly localised nature of the ACT market.

According to the Domain House Price Report for the June quarter 2026, gains were evident across both premium and middle-market suburbs.

Among the more affordable markets, Florey delivered standout growth, with its median house price rising 23.4 per cent to $975,000. Banks recorded one of the strongest performances in the ACT, with the house price rising 19.6 per cent to a median of $862,500 as first-home buyers flocked to the suburb.

Momentum Property’s Michael Martin said more first-home buyers were looking south to suburbs like Banks and areas within the Woden Valley than they were 12 months ago, drawn by the area’s relative value.

“Larger homes were taking a little longer to sell, but properties that offered something special were performing better,” he said.

Strathnairn also recorded a strong result, with its median house price increasing 16.5 per cent to $955,000.

At the higher end of the market, Deakin posted significant growth, with its median increasing 18.6 per cent to $2.1 million, while Red Hill climbed 10.8 per cent to $2,277,500.

Despite these strong suburb-level performances, Canberra’s overall housing market softened during the June quarter.

The city’s median house price fell 2.5 per cent, declining from $1,064,376 in March to $1,037,766 in June. However, values remained 2.2 per cent higher than a year earlier, highlighting the market’s ongoing resilience over the longer term.

The unit market also recorded a decline during the June quarter, with Canberra’s median unit price falling 2.5 per cent to $523,265.