Canberra Property Market – Prices, Trends, Forecast [December 2025]

Canberra’s housing market is in a steady, moderate growth phase. Dwelling values rose 1.0% in November and 2.2% over the quarter, taking annual growth to 4.2%. The median dwelling value is about $891,600, placing the city in a similar price bracket to Adelaide but below Sydney and Brisbane. Values remain slightly under their previous peak, although most of the earlier downturn has been recovered.

Market Highlights

• Dwelling values rose 1.0% in November and 2.2% over the quarter, with annual growth at 4.2%.
• Median dwelling value is about $891,600, similar to Adelaide but below Sydney and Brisbane.
• Houses are driving gains, up 1.3% for the month and 5.4% over the year, while unit values are almost flat with only 0.4% annual growth.
• Rents are rising at a modest pace, around 3.1% annually for houses and 3.5% for units, among the softer rental uplifts across the capitals.
• Gross rental yields sit near 4.0%, supported by steady prices and measured rent growth, which appeals to income-focused investors.
• Local areas such as Tuggeranong, Molonglo and Belconnen are recording mid single digit annual growth, consistent with the city’s stable profile.
• Outlook points to gradual, sustainable price gains rather than sharp swings, supported by steady employment and contained but positive demand.

Housing Metrics Overview

See how Canberra’s property values have performed across houses and units over various timeframes, along with returns, yields, and median prices.

Canberra Property Price Growth

Price gains are being led by houses. House values increased 1.3% over the month, 2.9% for the quarter and 5.4% over the year. Units are softer, with a slight monthly decline, broadly flat conditions over the quarter and only 0.4% annual growth. Over the past five years, Canberra dwelling values have risen close to 29%, reflecting solid medium-term performance rather than boom conditions.

View the latest property value movements across Australia’s capital cities. Use the filters to explore monthly, quarterly, and annual changes by dwelling type and region. Data sourced from CoreLogic.

Canberra Property Market Trends

Market activity is balanced rather than heated. Growth has eased from earlier peaks, and the gap between houses and units shows buyers favouring larger, family-oriented stock. Rents are still climbing but at one of the mildest rates among the capitals, with annual increases of around 3.1% for houses and 3.5% for units. Gross rental yields sit near 4.0% for dwellings, helped by comparatively slower price inflation, which keeps Canberra attractive to income-focused investors. Within the city, submarkets such as Tuggeranong, Molonglo and Belconnen are recording mid–single digit annual value growth.

The table outlines CoreLogic’s Home Value Index as of 1st December, showing peak declines, five-year growth, and changes since the first rate cut in February.

Canberra Property Market Forecast

Canberra is expected to track a path of gradual, sustainable growth. Stable public sector employment and relatively tight but not extreme rental conditions should support demand. At the same time, broader headwinds such as high living costs, constrained borrowing capacity and past price gains are likely to cap how quickly values can rise. Houses should continue to outperform units, although any renewed upswing in apartment demand could narrow that gap.

The Reserve Bank of Australia’s ongoing adjustments to interest rates will likely play a crucial role in shaping market dynamics, as higher borrowing costs limit purchasing power for many buyers.

Here are some of the most recent forecasts by the big-4 banks in Australia:

• ANZ predicts a 5-6% increase in capital city property prices in 2024, with Brisbane expected to see the highest rise at 9-10%, Perth property values could go up by 1-11%, Sydney by 4-5%, and Melbourne prices by 2-3%.
• CBA forecasts a 5% rise in capital city prices, with some variations: Brisbane is anticipated to grow by 6%, Melbourne and Perth by 5%, Sydney by 4%, and Adelaide by 1%.
• NAB projects a 5.4% average increase across the capitals, with Brisbane expected to see a 6.5% rise, Perth and Adelaide by 6.2%, Melbourne by 5.5%, Sydney by 5%, and Hobart remaining flat.
• Westpac expects a 6% growth across the combined capitals, with Perth leading at 10%, followed by Brisbane at 8%, Sydney at 6%, Adelaide at 4%, and Melbourne at 3%

Oxford Economics recently released property forecasts predicting where house prices will be in three years.

Conclusion

Make Smarter Property Decisions Today