Canberra’s housing market is expected to maintain its million-dollar median in the next financial year.
After a turbulent year, the market is projected to recover, with house prices predicted to grow by 2 to 4 percent.
Domain’s FY24 forecast reveals the median price of ACT houses will be at a million-dollar mark.
These figures align with national trends, as every other capital city anticipates positive house price gains
While house prices are expected to rise, unit prices may remain volatile due to a preference for houses and land among Canberra buyers.