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Canberra house prices smash records

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The average price of a house in Canberra is now $705,000.

The Domain State of the Market report shows with the ACT's flourishing economy and more and more people moving here for work, house prices have risen 5.3% in just one quarter - the highest of any capital city.

Freestanding homes have passed the $700,000 mark for the first time, while unit prices have dropped to $400,000.

 

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