Canberra house prices continued to rise last month with the increase driven by unit values, according to Corelogic's home value index.
But the nation's capital did not have the strongest monthly growth of the capital cities as it has in previous months.
Property values increased by 0.4 per cent over September in Canberra, this was behind Darwin (1.6 per cent), Adelaide (0.8 per cent) and Brisbane (0.5 per cent).
Sydney and Melbourne were the only cities to post a decline, down 0.3 per cent and 0.9 per cent respectively.
The median value in Canberra is now $644,581.
Units outperformed standalone houses over September. The median value of units, $458,498, was up 1.1 per cent. Houses only rose by 0.2 per cent, with a median value of $732,634.
Over the past 12 months, Canberra house values have risen 6.3 per cent - the second highest growth of capital cities behind Sydney at 7.7 per cent.
Corelogic head of research Tim Lawless said there were a number of factors that supported improved housing mark conditions but there was still a downside risk as fiscal support was reduced.
"The aggregate effect of low mortgage rates and the prospect that rates could fall further, low inventory levels, government incentives and improving consumer sentiment seems to be outweighing the negative shock brought about by the pandemic," he said.
