The stalwart Canberra suburbs where house prices have risen

House prices across the nation’s capital went into a decline at the end of 2023 – the only Australian capital city except for Darwin to do so.

But some hotspots across the territory resisted the downturn.

According to the latest Domain House Price Report, suburbs in the north fared better than most, with Gungahlin’s Moncrieff leading the charge in growth.

The suburb experienced an impressive 15.7 per cent jump over the December quarter, bringing its median house price up to $940,000, just $64,000 under the average for the territory. 

Nearby Taylor and Nicholls each recorded similar price jumps, with 2.2 and 2.1 per cent rises, respectively. 

The median house price for Taylor is currently $1,042,500, while Nicholls now sits at $1,246,000.

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Elsewhere, in central and southern pockets of the city, Curtin leaped 3.7 per cent – to a median house price of $1,387,500 – while Narrabundah went up 2.9 per cent, and Tuggeranong’s Monash rose a more modest 1.1 per cent.

Curtin, in particular, has been one of Canberra’s strongest pockets of growth, recording an impressive upward swing of 52.5 per cent over the past five years.

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