Canberra’s housing market continued to show resilience in June, with home prices rising 0.3% over the month, according to the latest PropTrack Home Price Index.

Compared to this time last year, Canberra’s home values are up 0.5%, adding roughly $15,200 over the past 12 months. The city’s median home price now sits at $836,000.

Houses drove much of the growth in June, increasing 0.4%, while unit prices edged up 0.1%. However, the market is still finding its feet after a recent downturn, with prices sitting 3.2% below their most recent peak in April 2025.

PropTrack noted that its Home Price Index methodology has recently changed, using a more flexible hedonic imputation model that better accounts for property characteristics.

Nationally, home prices rose 0.4% in June, pushing values to a new record high. PropTrack reported that lower interest rates have boosted buyer confidence and demand, with expectations of another rate cut in July likely to add further momentum.

Adelaide led the capital city gains with a 0.6% monthly increase, followed by Sydney and Hobart (both up 0.5%). Brisbane and Perth recorded strong annual growth, up 8.3% and 7.8% respectively, with Brisbane’s median house price now topping $1 million.

Regional markets also continued to grow, with prices up 0.3% in June and 6.0% over the year. While regional growth has been slower than in the capitals, PropTrack noted the combination of affordability and lifestyle appeal has helped regional markets stay resilient, with prices up more than 65% over the past five years.

PropTrack analysts expect further interest rate cuts and ongoing population growth to support housing demand for the remainder of 2025, although stretched affordability is likely to keep the pace of price growth steady rather than rapid.