Home Price Index breakdown: Property values in the ACT right now

October 2024

Home prices in Canberra rose 0.29% during October, with the median price sitting at $845,000, according to PropTrack's latest Home Price Index. 

However,  prices are 0.09% below what they were a year ago and down 5.42% from their March 2022 peak.

Canberra is the nation’s third most expensive capital city when it comes to home prices, after Sydney, which has a median dwelling value of $1.108 million, and Brisbane, $862,000.

This four-bedroom house for sale in Torrens in Canberra's south has a minimum asking price of $1,400,000. Picture: realestate.com.au

The nation’s capital was among three capitals, besides Melbourne and Hobart, to experience price drops since October 2023. 

In comparison, Melbourne’s house prices fell 1.49% over the year, while Hobart’s median dwelling prices dipped 0.93%.

Overall, ACT prices have climbed 36.2% since their pre-pandemic level in March 2020.

Combined, prices in capital cities across the country climbed a further 0.28% in October and rose 5.85% over the past year.