Canberra has recorded the first quarterly fall in house prices in 15 months, reinforcing the broadening slowdown across higher priced markets.

Data from Domain shows the two-point-five per cent drop ends a year-long run of growth, and takes house prices to a nine-month low.

Unit prices also declined by two-point-five per cent, marking their weakest quarterly result in 15 months.

The broad-based decline across both segments points to a clear easing in market conditions, rather than a shift between property types.

Dr Nicola Powell, Chief Residential Economist at Domain says South Canberra is leading the downturn.

“Three months of data confirm that higher interest rates, affordability pressures and weaker confidence are changing buyer behaviour and bringing the broad-based growth cycle to an end” said Dr Powell.

“Australia is no longer moving as a single housing market. Sydney, Melbourne, Brisbane and Canberra are in decline. Adelaide continues to strengthen, and Darwin is bucking the trend in units, highlighting how local affordability, supply and demand are driving increasingly different outcomes.”

For the full Domain June Quarter 2026 House Price Report, click here.