News location:

Canberra Today 15°/18° | Thursday, March 28, 2024 | Digital Edition | Crossword & Sudoku

Canberra named second most expensive city to buy a home

CANBERRA has climbed its way to become the second most expensive capital city to buy a home behind Sydney, new data reveals.

It comes as the capital hit a record-high median house price of $1.178 million, according to data from property group Domain.

House prices leaped 11.3 per cent over the December quarter, the largest quarterly growth on record.

Overall, prices for houses in the ACT grew by 37 per cent throughout 2021, an increase of more than $300,000.

Unit prices slightly declined in the last quarter of 2021, but were up by nearly 10 per cent for the year annually, the data showed.

The last time Canberra claimed the title as the second most expensive capital city to buy a house was in 2005.

 

Who can be trusted?

In a world of spin and confusion, there’s never been a more important time to support independent journalism in Canberra.

If you trust our work online and want to enforce the power of independent voices, I invite you to make a small contribution.

Every dollar of support is invested back into our journalism to help keep citynews.com.au strong and free.

Become a supporter

Thank you,

Ian Meikle, editor

Belinda Strahorn

Belinda Strahorn

Share this

Leave a Reply

Related Posts

Follow us on Instagram @canberracitynews