Find Finance & Mortgage Brokers in Canberra

Find Clarity in the Canberra Loan Market Canberra is Australia’s purpose-built national capital, located in the Australian Capital Territory between Sydney and Melbourne. Designed by Walter Burley Griffin, the city is characterized by its planned layout, national institutions including Parliament House, and extensive parklands. Canberra’s property market is unique, heavily influenced by the public sector workforce which provides employment stability but also sensitivity to government policy and economic conditions.

The market peaked in May 2022 before experiencing corrections through 2023-2024, with dwelling values falling 0.4% in 2024 compared to national growth of 4.9%. This correction was driven by significant oversupply, particularly in the unit market where new apartment developments exceeded demand, and elevated interest rates impacting Canberra’s higher median price points. The housing stock includes a mix of established detached homes in suburbs like Deakin and Yarralumla, modern townhouses in districts like Gungahlin and Molonglo, and abundant apartment developments throughout the inner suburbs and town centers.

The market is now showing signs of stabilization and recovery in 2025, with four consecutive months of modest price increases, reduced listings, and improved buyer sentiment following RBA rate cuts. Canberra offers high average incomes, excellent education facilities including the Australian National University, and a family-friendly lifestyle with access to nature, though affordability remains challenging despite recent corrections. Forecasters are divided on 2025 prospects, with predictions ranging from further modest declines to strong double-digit growth, making local expertise crucial for navigating this transitional market phase.