Canberra Market Data - May 2025

Market Summary | ACT

The number of residential sale new listings coming to Allhomes jumped over the month, up 23.6%. Rental listings also saw a increase month-on-month, up 6.8%

Total supply increased over the month but the pace of annual growth has eased. For the month of May, total supply is the highest on record.

Auction clearance rates are at a 3-month high. It saw the largest monthly increase of the capital cities. For the month of May, auction volumes are at the third-highest on record.

DOM for houses has risen for the second consecutive month and is at its highest since June 2024. For this time of the year, it is at its lowest since 2023. DOM for units has decreased for the third successive month to a 4-month low but for this time of the year, it is the highest since 2021.

Discounting for houses has increased for the third consecutive month to a 6-month high. When comparing this time of the year only, it is at its lowest since 2022. Discounting for units has increased to a 3-month high. For this time of the year, it is the highest since 2016.

Distressed listings are at their lowest since July 2023.

Canberra house prices declined for the third consecutive quarter, slipping by almost $13,500 (-1.3%) – the weakest period seen since mid-2022. The median now stands at its lowest in 15 months, $124,000 (-10.6%) below the June 2022 peak, placing Canberra the furthest from its price peak and reflecting a prolonged struggle to move into a sustained recovery over the past three years. Canberra unit prices declined for the third successive quarter by almost $32,300 (-5.7%) – back-to-back falls not seen since 1994.

Canberra house rents rose for the second consecutive quarter, increasing by 0.7% (or $5) to a high of $700 per week. Canberra unit rents rose for the second consecutive quarter, increasing by 1.8% (or $10) to a record high of $575 per week – fully recovering the rental declines recorded over 2024.

Gross rental yields for houses in the ACT increased over the March quarter, as well as growing annually (0.3% and 1.0% respectively). Unit yields also experienced growth both quarterly and annually (5.8% and 5.0% respectively).

Canberra’s vacancy rate continues to tighten, sitting at 1.1%, its lowest since October 2022. This is the lowest vacancy rate for the month of May since 2022.