MEDIAN house prices in Canberra have reached a record $661, 912, a marginal growth of 0.4 per cent in the September quarter, according to Domain’s latest house price report.

Overall, this year, median unit prices have fallen, but quarterly numbers have increased by 1.3 per cent, reaching to $403, 775.

Domain chief economist Dr Andrew Wilson says: “The Canberra housing market continues its recent robust revival with prices now increasing over seven of the past eight quarters. The strong performance of the spring auction market points to further price growth over the remainder of the year. 

“Unit prices also increased following consecutive quarterly falls, suggesting that demand is now balancing out recent high levels of new apartment supply.”