The South Canberra enclave where house prices jumped 17 per cent

Narrabundah was the ACT’s best-performing suburb in 2025, with house prices surging 17.1 per cent over the year to reach a new median of $1.47 million.

According to Domain’s latest House Price Report, the Inner South enclave has now recorded a 42.7 per cent increase in the median house price over the past five years.

Blackshaw Manuka agent Ahmad Souweid said buyers were increasingly drawn to the suburb’s relative affordability compared to its prestigious neighbours.

“It’s better value for money,” Souweid said, noting that despite successive interest rate rises, recent auctions have continued to draw double-digit registered bidders and strong under-the-hammer sales.

$1,430,000

25 Dalrymple Street, Narrabundah ACT 2604

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This underlying demand was evident on March 28 when Souweid sold a renovated three-bedroom house at 25 Dalrymple Street for $1.43 million. The 811-square-metre property, which features a rear self-contained studio, is located near Red Hill Primary School and the local golf course.

Earlier in February, a four-bedroom knockdown property at 12 Caley Crescent fetched $1.6 million after attracting seven registered bidders. The sale represented a 31 per cent increase in value since the property last traded for $1.22 million in 2020.

Hive Property agent Tom Wiggins noted the suburb operates across three distinct markets, with both new builds near the Griffith border and older established areas performing strongly.

Price withheld

12 Strzelecki Crescent, Narrabundah ACT 2604

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Wiggins sold an older three-bedroom house at 12 Strezelecki Crescent for $1.775 million in March, up from its $1.7 million sale price in 2022.

However, the local apartment market is experiencing a contrasting trend. The Domain report revealed Narrabundah’s unit median fell 11 per cent over the year to $612,500, representing virtually stagnant growth of just 0.4 per cent over five years.