Canberra Residential Market Dynamics Q1 2026

Canberra saw 897 new apartments complete in the first quarter of 2025, with a further 1,000 set to complete this year.

Median apartment prices grew 3.4% year-on-year, driven by buyer preference for larger apartments.

The rental market appears to be recovering, with vacancy tightening to 1.1% and rents growing 3.5% year-on-year.