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Friday, September 27, 2024

Half of ACT suburbs now in the million-dollar club

Over 50 per cent of suburbs in the ACT have a median house value over $1million, according to the latest CoreLogic Million-Dollar Markets report.

Of the 86 suburbs analysed in and around the ACT, 45 of them had a current median value above $1m for houses.

Dwelling values in Canberra rose 1.5% over the last year, which saw six suburbs rejoin the million-dollar club for houses after they dropped out in 2022 and 2023.

Cook, McKellar, Macarthur, Chifley, and the suburb of Gungahlin each saw their median house value rise above the $1 million mark over the year. However, values in these suburbs remain between -4.2% and -15% below their previous peaks.

Gowrie re-entered the million-dollar club in July and has since recorded a new record peak, with a median value of $1,018,175.

Below is a list of the ACT

SuburbAug 24 median house valueAug 23 median house value3 month change12 month change
Ainslie$1,471,850$1,416,4460.30%3.90%
Amaroo$1,041,678$1,044,658-1.00%-0.30%
Aranda$1,327,709$1,319,849-1.10%0.60%
Bonner$1,021,342$1,035,7890.30%-1.40%
Braddon$1,285,134$1,172,4561.10%9.60%
Bruce$1,116,950$1,095,957-1.00%1.90%
Campbell$1,976,271$1,855,5330.60%6.50%
Chapman$1,343,546$1,285,1130.20%4.50%
Chifley$1,017,935$982,311-0.70%3.60%
Cook$1,046,411$967,8061.80%8.10%
Coombs$1,103,306$1,120,555-0.30%-1.50%
Crace$1,143,278$1,127,0620.90%1.40%
Curtin$1,341,416$1,269,8611.20%5.60%
Denman Prospect$1,201,746$1,192,122-0.70%0.80%
Dickson$1,077,121$1,126,558-2.40%-4.40%
Downer$1,135,147$1,116,7310.50%1.60%
Duffy$1,023,550$1,003,462-0.20%2.00%
Fadden$1,112,688$1,079,0650.00%3.10%
Farrer$1,297,779$1,231,9120.90%5.30%
Forde$1,161,157$1,176,644-0.50%-1.30%
Franklin$1,078,262$1,055,9760.30%2.10%
Garran$1,784,160$1,622,1982.70%10.00%
Gowrie$1,018,175$904,3075.20%12.60%
Gungahlin$1,009,054$983,2110.80%2.60%
Hackett$1,182,028$1,133,4642.40%4.30%
Harrison$1,042,727$1,100,964-1.00%-5.30%
Hawker$1,283,703$1,216,6782.00%5.50%
Hughes$1,451,471$1,369,4882.50%6.00%
Lyneham$1,172,170$1,139,1761.70%2.90%
Macarthur$1,028,391$957,8300.90%7.40%
Mawson$1,108,321$1,056,0763.60%4.90%
McKellar$1,030,070$984,9200.10%4.60%
Moncrieff$1,004,834$1,027,940-0.60%-2.20%
Nicholls$1,206,335$1,275,770-1.20%-5.40%
O’Connor$1,562,707$1,461,1440.90%7.00%
Palmerston$1,058,244$1,067,638-0.20%-0.90%
Pearce$1,215,158$1,161,4641.30%4.60%
Taylor$1,121,237$1,070,7050.50%4.70%
Throsby$1,124,353$1,152,095-0.90%-2.40%
Torrens$1,056,069$1,025,7220.90%3.00%
Turner$1,540,432$1,513,352-1.10%1.80%
Watson$1,101,340$1,052,7370.70%4.60%
Weetangera$1,348,516$1,272,9231.20%5.90%
Whitlam$1,098,354$1,009,298-0.70%8.80%
Wright$1,085,741$1,123,698-0.70%-3.40%
Yarralumla$1,293,765$1,235,251-1.50%4.70%
Bermagui$1,042,148$894,4382.80%16.50%
Googong$1,040,107$963,0061.30%8.00%
Jerrabomberra$1,132,455$1,082,180-0.80%4.60%
Murrumbateman$1,367,505$1,257,7071.20%8.70%

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