The south Canberra suburb where house prices have soared

Over the past year, Farrer has quietly surged ahead to claim the title of Canberra’s strongest-performing suburb in terms of house price growth, new data from Domain reveals.

According to figures from Domain’s latest House Price Report, the median house price for Farrer now sits at $1.35 million, with the Woden Valley enclave recording an 18.4 per cent jump in just 12 months, outpacing all other ACT suburbs.

Zoom out, and the trend becomes even more impressive.

Farrer has notched up a 61.7 per cent rise over the past five years, putting it nearly level with Gordon – the only other suburb in Canberra to reach similar long-term gains. These figures reflect not just market momentum, but a broader transformation of the suburb itself.

Anthony McCormack of Hayman Partners said Farrer had historically experienced periods of stability punctuated by bursts of growth.

“Its popularity stems from the excellent amenities, attractive streetscapes and elevated positions that offer appealing views,” he said.

Recent sales in the area include the four-bedroom home at 9 Steinwedel Street, which recently sold for $1.5 million through Edge’s Steve Thomas, and a four-bedroom home at 238 Beasley Street, which sold for $1.7 million through Someday Property’s James Scott.

$1,700,000

238 Beasley Street, Farrer ACT 2607

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Limited supply has been a key factor, with just 51 house sales recorded over the past year. Buyers compete for properties in a suburb known for its established family homes and proximity to major centres such as Woden and the city. Local schools, green spaces and a sense of community have also contributed to the suburb’s increasing appeal among owner-occupiers and upgraders.

In comparison, figures from the Domain report indicate that Canberra’s housing market has continued to soften, with the median house price declining to its lowest point since mid-2022.

The median price for a house in the capital now stands at $1,049,067, reflecting a 1.3 per cent decrease, or nearly $13,500, over the March 2025 quarter.