Curtin emerges as fastest growing suburb for property prices

Canberra’s housing market is finally recovering, with Curtin standing out as a top performer.

The Domain House Price Report for the June quarter found that Curtin’s median house price grew 9 per cent over the year to reach $1,417,500.

Over the past five years, the suburb’s median house price has increased by a staggering 57.5 per cent.

Brett Hayman from Hayman Partners believes a contributing factor is increased property sales above $2 million.

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“There have been about five properties in the $2.4 million to $2.9 million price range sold in the past eight weeks,” he said.

“These have been quality rebuild homes about three to four years old with buyers drawn to the value for money offered in Curtin.”

According to Hayman, rising building costs have impacted this trend, with many buyers preferring newer established properties over the expense and effort of new construction.

Domain data reveals that Evatt in Belconnen is another top-performing suburb, with its median house price increasing by 5.6 per cent over the year to $882,500.

$1,395,000 +

36 Callaghan Street, Evatt ACT 2617

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According to Domain’s chief of research and economics, Dr Nicola Powell, Canberra house prices are back on the rise, lifting by almost $9000 (or 0.8 per cent) over the June quarter.

“The quarterly gain has nudged annual changes back into positive territory for the first time in almost two years,” she said.

The capital’s median house price is now $1.04 million, almost $132,000 (or 11.2 per cent) below the mid-2022 peak.