Canberra Suburbs Driving Price Boom

Canberra’s median house price rose 3.6% to around $1,139,969 for the December quarter, reflecting the national demand for detached homes. Unit prices dipped slightly by 1.3% to $611,466, consistent with broader stabilisation in supply.

Importantly, Canberra remains the only capital city that has not returned to its all‑time high prices. Market analysis shows values remain 6.4% below the peak of mid-2022.

Where Prices Boomed

Narrabundah recorded the strongest annual growth for house prices year-over-year in December, increasing 17% to a median of $1,470,000. Other notable performers included:

• Franklin: up 15.5% to $1,120,000
• Banks: up 13.2% to $842,000
• Bonner: up 10% to $962,500

Strathnairn delivered the strongest long‑term performance, increasing 67.4% over 5 years to $947,500, driven by sustained development in the Ginninderry precinct. Narrabundah, Curtin and Ainslie recorded median house prices over $1,400,000 for the December quarter, according to Domain.

Units Still Performing

Canberra’s CBD led annual unit growth, rising 11% year‑on‑year to $575,000. Several suburbs also posted strong 5‑year gains:

• Gungahlin: up 31% to $452,500
• Franklin: up 26.8% to $485,000
• Turner: up 24.4% to $637,500
• Lawson: up 24% to $620,000

Entry-Level Picks

Despite rising house prices, several suburbs still offer a good entry point for first-home buyers seeking detached homes. These include:

• MacGregor: $820,000
• Holt: $822,000
• Kambah: $889,000

Find out how your suburb performed in Domain’s 2025 House Price Report.

Thinking of buying, selling or investing and want to understand how your suburb fits into these latest market shifts? Reach out for an appraisal.