Allhomes - May 09, 2026

Move in now, to move ahead.

Studio, 1, 2 and 3 bed apartments in Lyneham from $471,000.

Get a head start with a fully completed apartment in Canberra’s exclusive inner north.

Secure with a $1,000 deposit

First Home Buyer concessions available

Spacious apartments with heaps of storage

Gymnasium / Resident’s Lounge / Roofop Garden

Visit Our Display Apartment

G17, 327 Northbourne Avenue, Lyneham (park on De Burgh Street) Thursdays, 4pm–6pm Saturdays & Sundays, 11.30am–1.30pm

Contact

Nick Babic 0401 284 413

Natasha Johnson 0434 104 556

Find Out More deburgh-nv.com.au

Woden

Note from the editor

The national property conversation has shifted, with Sydney’s house prices fnally falling after years of momentum. Domain’s latest House Price Report shows the landscape is changing locally, too. Canberra, once the second-most expensive capital, now sits behind Brisbane and Perth. The ACT, however, remains resilient. Despite rising interest rates and geopolitical uncertainty, our median house price jumped 1.4 per cent over the quarter, bringing the annual increase to nearly 10 per cent. Our Insights story ofers the full national picture. Turn the page, though, to fick through some lovely homes currently on the market, from family-friendly fnds to a standout Barton penthouse on page 14.

Pastures and a nearby pub

It’s exceptionally rare to live on a 48-hectare farm and still be able to pop down to the local pub for dinner. But that’s what you’ll get at 228 Wallace Street, known as Little Strathallan.

The charming village of Braidwood is just beyond your front gate. A dairy farm from 1900 to 1978, today it’s highly productive grazing land, complete with five dams, cattle troughs, new fencing, internal tracks with cattle grids, a new machinery shed and newly established tree lanes with dripper lines.

When it comes to housing, you’ll be starting simple. The one-bedroom, onebathroom tiny home has everything you need, including glorious views over rolling pasture and Braidwood’s historic main street below. When you’re ready to build your dream home, the DA is already approved.

This property blends rural scale with village convenience in a way few properties can match, says agent Denver Shoemark of Shoemark Real Estate. Make it yours with an offer above $1.95 million.

Lucy Jones

Scan the code to see the listing

Editor Laura Valic

laura.valic@domain.com.au

Senior designer Colleen Chin Quan

Graphic designer Emma Drake

Head of print & B2B content Sarah Millar

Group content director Mark Roppolo

Chief marketing officer Aisling Finch

President Jason Pellegrino

Sales leader Nick Tinling

Marketing manager Bree Baguley

Source:

WHAT TO SEE THIS WEEKEND

Words by Lucy Jones

Kambah 14 Finnerty Place

Contact agent

5  2  2  EER 1

Auction: 11am, May 16

Agent: The Property Collective, Jacob Stanton 0499 999 734

Standing before this home’s modest facade, you wouldn’t believe what’s to come beyond. A tri-level design provides separation between living, entertaining and sleeping areas. Huge walls of windows look out over the private resort-style backyard, complete with a swimming pool, cabana and leafy gardens. An enclosed sunroom runs the length of the house, creating an all-weather spot for relaxation, and the front deck has views out to the Brindabella Mountains. This is character, not cookie-cutter.

Bruce 16 Kinloch Circuit

$1.2 million+ 5  3  2  EER 5

Private sale

Agent: Onyx Property Agency, Josh Yewdall 0430 213 909

Everything feels easy at this impressive house in a sought-after pocket of Bruce. Even the buttery-yellow exterior walls will leave you feeling cheerful. Spread over two levels, the practical design can grow or change with your family. Big bedrooms with built-in wardrobes and balcony access keep everyone happy. You’re within easy reach of the Belconnen Town Centre and peaceful bushland. Leave the ultra-low-maintenance backyard as is or transform it into something special.

Source: Domain Group

Dr Nicola Powell Chief residential economist

“Canberra has reached an important milestone, with house prices hitting a record high for the frst time since mid‑2022, even as growth momentum slows under tighter borrowing conditions.”

Forrest 8 Wilmot Crescent Contact agent

4

2

Agent: Blackshaw Manuka, Louise Harget 0412 997 894

Stepping inside this heritage house, it’s easy to be transported back to the early days of Canberra’s high society. Dating to the 1930s, its rich hardwood foors, soaring ceilings, ornate cornices and foor-to-ceiling farmhouse windows create a timeless warmth. These are complemented by a sleek modern kitchen, updated bathrooms and a fexible foor plan that works for the modern family. Set on an elevated 2932-square-metre block, this is a rare retreat on one of the city’s fnest streets.

Campbell 11 Elliott Street Contact agent

Private sale

3

Agent: Homefnders Real Estate, Julie Castrission 0419 212 044

This renovated home on a large and leafy block sits in one of Canberra’s sweet spots. It’s quiet enough to walk the kids the 300 metres to school but still less than 10 minutes’ drive to the Parliamentary Triangle. Inside, skylights and oversized windows make everything feel bright, while a gas freplace and dimmable lighting add a cosy touch. The garden is a real highlight, with a paved outdoor entertaining area, water features, and clever landscaping to conceal the veggie patch and shed.

Harrison 22 Windjana Street

million+

sale

Agent: Verv Property, Jason Roses 0431 419 847

Originally showcased as a display home, this expansive house in the centre of Harrison comes with an impeccable ftout and every add-on you can think of. A northerly aspect, high ceilings and Velux skylights food both foors with natural light. In the kitchen, custom joinery, granite benchtops and integrated appliances promise comfort and style. When it’s time to relax, retreat to the cinema room or dive into the saltwater swimming pool.

Words by Sue Williams

Underperforming: Melbourne’s market was recovering, but rising interest rates and geopolitical machinations have had an impact.

Australia’s housing market has undergone a sharp reversal in just a single quarter, with prices falling in Sydney and Melbourne after months of renewed momentum and bullish forecasts.

The March-quarter Domain House Price Report, released on April 30, has revealed the massive gulf now opening up in a national two-speed housing market.

Just three months ago, the market was described as “ferocious” as prices surged and Sydney hurtled towards a $1.8 million median, while Melbourne was fnally frmly in recovery.

Hitting the brakes

The latest data reveals not just a slowdown, but a striking shift in momentum – one that agents say has unfolded in a matter of weeks, not months.

Sydney’s median price has slipped back just 0.04 per cent, or $772 – its frst drop since 2022 – after a solid increase of 2 per cent the previous quarter. Melbourne’s slumped by 0.6 per cent or $6357, having risen strongly by 2.9 per cent earlier.

Their results are in sharp contrast with other capital cities that continue to post massive growth in just 90 days, like Darwin, where prices leapt by $56,818; Perth, with the biggest rise of $63,615; Adelaide, up $53,922; and Canberra, up by just under $15,000.

Domain chief residential economist Dr Nicola Powell says the Sydney and Melbourne markets are the most sensitive to interest rate rises and are being hit at the same time by rising costof-living pressures and global uncertainty amid the war in the Middle East.

“The early cracks in the market are beginning to show,” she says. “Buyers

are shaken and cautious, and their confdence, along with the slump in consumer sentiment and expectation of two more rate rises this year, has been knocked.

“It’s changing buyer behaviour. People are now delaying their buyer decisions, and while they still want to purchase property, they’re putting activity on pause. In the more afordable markets, like Darwin and Adelaide, interest rates aren’t so important.”

Outcomes are also weakening for median unit prices, although units are still outperforming houses in Sydney, Melbourne, Brisbane and Perth as buyers adjust to more accessible price points, Powell says.

On the ground, agents say they’re experiencing even greater price declines. John McGrath, chief executive of McGrath Estate Agents, says the more afordable end of the markets in Sydney

Housing prices battling several major headwinds

Just months after a “ferocious” surge, Australia’s housing market has quickly turned, with Sydney and Melbourne edging lower.

and Melbourne looks strong, but it’s the upgrader segment of property priced $1 million to $2 million that’s struggling.

“We’re fnding on the streets, the price drops are more like 3 to 7 per cent,” he says. “It’s the cost-of-living pressures, fuel prices, rising interest rates and the uncertainty over what’s happening in the Middle East that are headwinds all hitting at once.

“It’s afecting Sydney and Melbourne the most as they’ve had strong price increases of the back of low interest rates and a healthy economy. But now rates are rising, economic confdence is down, and there’s concern about the economy and unemployment.”

Melbourne-based Real Estate Buyers Agents Association of Australia president Cate Bakos agrees. While the frst-home buyer segment of the market remains healthy, upgraders are increasingly sitting on their hands due to the uncertainty, she says. The new Melbourne median of $1,084,817 is even lower than the December 2021 fgure.

“We have had a lot of people moving to Melbourne because of our lower prices, but we’ve also had a lot of building starting, so our supply is much healthier, compared to demand, than most cities,” Bakos says. “That’s also afecting prices.”

Full-speed ahead

While Brisbane also clocked massive house price growth of 20.4 per cent over the year and 4.2 per cent over the last quarter, there are also signs that the dynamism that made it Australia’s second most expensive market, with a median of $1,212,195 – behind only Sydney’s $1,791,643 – is fading.

Hot Property Buyers Agency’s Zoran Solano says demand is now cooling at the mid-range and premium end of the market, with 15 to 25 ofers on good homes falling to single digits.

“Buyer activity has halved, and that’s a meaningful shift,” he says.

Darwin’s price growth of 19.7 per cent in the past year comes of the back of huge investor activity centred on the country’s lowest median house price of $734,710 and its highest yields of 6-7 per cent, says Chris Hyland of Colliers International Darwin.

That’s coupled with tight supply – residential building approvals are down by a huge 28.8 per cent – and an

unprecedented pipeline of infrastructure and defence spending bringing even more people to the Northern Territory capital.

“We’ve had so many investors coming from interstate via buyers’ agents because our prices are so competitive,” Hyland says.

Perth had the second-biggest house price growth of the quarter, and the biggest annual rise of 24.6 per cent, to a new record median price of $1,178,522, nearly $100,000 above Canberra’s.

“We’re fnding a lot of demand because we’ve had massive population growth of 35,000 families a year,” says Peter Robertson, director of William Porteous Properties International in Perth. “It used to be an isolated city ... but now it has an international crowd buying as well as interstate.”

Powell says for the national capital, the March quarter recorded a new peak of $1.084 million for houses, marking the fourth quarter of growth, the longest uninterrupted stretch since 2020-22.

“However, the pace of gains has slowed signifcantly, indicating momentum is now easing,” she says. “The market remains in a growth phase, but the current economic backdrop is now constraining demand.”

“The early cracks in the market are beginning to show. Buyers are shaken and cautious.” Dr Nicola Powell

Median house prices

Source: Domain, powered by

Domain House Price Report, Houses.

NEW HOMES

Words by Lucy Jones

If, as the legendary John Denver once sang, all your bags are packed, and you’re ready to go, The Borough could be your new address. The stylish new apartment building in Denman Prospect is fully complete and move-in ready. And you won’t need a jet plane to get there since it’s a 20-minute drive from the centre of Canberra in one of the city’s fastest-growing areas.

Buyers are already focking to the precinct, with around 70 per cent of the development sold and just 21 apartments remaining. To help secure one of these homes, agent David Shi from LJ Hooker Project Marketing says the team is ready to customise the buying experience.

“Flexible payment and settlement terms will work for downsizers needing time to sell their home or frst-home buyers saving for the required deposit,” he says.

In fact, purchasers can buy now and exchange contracts with only a $5000 deposit. It’s an accessible entry point, with one-bedroom apartments starting from $589,900 and three-bedroom apartments from $689,900. Flex into

Space to enjoy

Spacious, light-filled apartments designed for comfort, ease and everyday living, in the heart of Denman Prospect. With everything you need close by, it’s a place to simplify, settle in, and truly enjoy the lifestyle you’ve been working towards. Quality finishes, thoughtful storage and a custom Flexi-Space create a simpler, smarter way of living at The Borough. Visit our display apartments at 1 Carden Street, Denman Prospect. For more information, call LJ Hooker on 0417 668 668.

At a glance

The Borough 1 Carden Street,

Denman Prospect

Price: From $589,900

Architect: DKO

Developer: Jega

Builder: Elevated

Agent: LJ Hooker Project

Marketing, Keenan Veraar 0402 914 037 and David Shi 0417 668 668

EER: 6-8

Feature we love: The Borough’s signature FlexiSpace that allows buyers to easily personalise their homes to suit the way they live.

From the agent: “The Borough is unlike anything ever built in Denman Prospect. The red-brick and cladding exterior looks incredible.”

Beyond the attractive price tags, there’s a lot to like about The Borough, starting with its striking exterior.

“It is unlike anything ever built in Denman Prospect,” Shi says. “The redbrick and cladding look incredible and will continue to look incredible years into the future.”

The development is backed by reputable industry names, such as developer Jega (the team behind the award-winning Kingsborough in Kingston), architect DKO and builder Elevated. With this pedigree, Shi says buyers can purchase here “with absolute confdence”.

This expertise culminates in spacious apartment design, starting at about 80 square metres internally, where threemetre-high ceilings, hybrid fooring, wool carpet and Smeg appliances create a refned style rarely found at this price.

Adding to the internal appeal is the Borough’s unique, customisable layout featuring its signature “Flexi-Space”. This versatile, winter-garden-style room can be adapted to suit your lifestyle. Movie bufs can have blackout curtains and a

projector screen installed for a private cinema, or you can add rubber gym fooring, exercise machines and bike storage to stay active.

The multipurpose space also works as a spare bedroom, a study or even a sunny indoor garden. Though the build is fnished, Shi confrms that all remaining units with a suitable space can still have one of these custom options installed.

This level of adaptability has attracted frst-home buyers and owner-occupiers, refecting the suburb’s demographic profle. With one, two and threebedroom layouts, the apartments are large enough for families or downsizers who don’t want to compromise on space. Shi says residents aren’t just securing a beautiful apartment but are buying into a connected neighbourhood. The Borough is less than 10 minutes’ walk from Denman Village Shops, with daycare centres and primary and high schools nearby. Playgrounds, sports felds, cycling and walking trails are also on your doorstep.

Within the precinct, there’s been a strong focus on creating a community through shared spaces, with the fve residential buildings connected by promenades and gardens.

Scan the code to see the listing

Words by Jil Hogan

Where size meets the skyline

There’s a certain kind of light you only fnd at the top. At 26/11 Sydney Avenue in Barton, skylights draw ample light deep into the apartment. It’s an unmistakable cue that this is penthouse living. And not just any penthouse. Covering an impressive 470 square metres across two levels, this home redefnes what apartment living in Canberra can look like.

Inside, open-plan living spaces fow beneath timber-lined ceilings, while

bespoke fnishes and carefully curated materials add a sense of luxury.

In the sleek kitchen, ample premium appliances cleverly blend into the joinery or are tucked away in the butler’s pantry (with a view of its own). A brass breakfast bar is an idyllic perch for a morning cuppa.

At its heart sits an unexpected highlight: an internal courtyard that acts as a second living space, with in-foor heating and operable roofng, blurring the boundary between indoors and out.

“With an incredible 180-degree outlook over the Parliamentary Triangle and Inner South, this home ofers highquality, expansive living and outdoor spaces, including a private rooftop pool.”

All four bedrooms enjoy space, private positioning and en suites, led by the luxurious main en suite, which features a free-standing bath angled for soaks with an impressive view.

Upstairs, a spectacular private rooftop terrace includes a heated magnesium pool, outdoor kitchen and multiple indoor and outdoor entertaining zones, all set against sweeping views.

Tucked at the top of Realm Quarters, it’s less an apartment and more like a house in the sky.

is one of Canberra’s most tightly held pockets for a reason. Day-to-day life can

a stop at Barton Grocer, lunches at Ottoman Cuisine or Louis, and indulgence at Hale Day Spa or Mudd the Spa.

Auction: 5pm, May 14

Agent: Luton Properties Manuka, Sophie Luton 0410 750 413

List with Team Jordan

Enhance your selling experience by listing your property with the dynamic husband and wife team of Rick and Martine Jordan.

They value clear communication, attention to detail, thoughtful marketing and careful negotiation, all with the aim of achieving the best possible outcome for their clients.

Entrust your next sale with Team Jordan!

Welcome Greg Amos

Greg Amos has recently joined the team at Michael Potter Real Estate providing a wealth of industry knowledge and experience.

His authentic approach, duty of care to both buyers and sellers, coupled with his proven negotiation and marketing strategies, has been his recipe for success throughout his unblemished career.

List with Greg - you will not be disappointed!

mpotter@mpotter.com.au

Perfectly positioned on the quiet side of Canberra's most vibrant dining precinct, in a location that moves at your pace. This bespoke, east-facing penthouse captures uninterrupted views to Mount Ainslie and Mount Majura, and sets a new benchmark for apartment living in the capital. Bespoke finishes, privacy and proportion in equal measure. A home that feels calm, considered and quietly removed, yet remains effortlessly connected at all times. The best of Canberra's low maintenance lifestyle, without compromise. by negotiation

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• Large fully serviced lots from 850sqm to over 1,200sqm

• 30 minute drive to Canberra’s CBD and only 20 minutes to Queanbeyan

• A select range of both elevated lots with views and level lots for easy building

• Walking distance to new state-of-the-art $80M high school (open early 2027)

• Limited time offer : FREE STAMP DUTY (average saving of $20,000)

Aaron Papahatzis | 0438 254 990 aaron papahatzis@belleproperty com

Elm Grove Information Office | Sunday 12pm – 4pm 1 Charlotte Place, Bungendore elmgroveestate com au

We choose to start our weekends on Thursdays, sometimes Wednesdays

You’ll find three warm and welcoming Keyton retirement communities in Canberra — Isabella Gardens in Isabella Plains, The Aerie at Narrabundah, and The Grove Ngunnawal — each with its own unique charm, set among beautifully maintained gardens and friendly, connected neighbourhoods.

Perfectly located across Canberra, each village o ers modern, low-maintenance homes and resort-style spaces that make it easy to live life your way.

Whether you’re after convenience, community or a quiet retreat, our villages help make your next step a confident choice, naturally.

COAST & COUNTRY

Words by Jil Hogan

Barragga Bay

3502 Tathra Bermagui Road

Private sale

Agent: Butterfeld Property, Mick Butterfeld 0405 302 453

Wrapped in lush surrounds, this home ofers a sense of seclusion, just a fve-minute walk from the beach. High ceilings and skylights draw light into the interiors, while hardwood foors and a freplace anchor the living spaces. The deck captures leafy outlooks. A separate studio boasts a pizza oven, while an outdoor shower is perfect after a dip.

Reidsdale

Private sale

Agent: Ray White Bungendore, Ellie Merriman 0402 117 877

On almost 60 hectares and wrapped in a national park, this 1870s homestead blends original character and modern updates. Timber foors and tray ceilings sit alongside polished concrete fooring, a country kitchen and double glazing. A wraparound verandah overlooks gardens, while a converted milking shed adds a self-contained studio.

Words by Ray Sparvell

Rare large-scale industrial opportunity

You won’t see many industrial properties like this one in Cooma come to market any time soon.

This is one of the largest and most versatile industrial oferings in recent years. It’s set on nearly 21,000 square metres of level land with a 3550-squaremetre warehouse building. The property has easy accessibility, extensive hardstand and secure yard space.

It’s ideal as a transport or logistics hub or for other trade businesses within Cooma’s primary industrial precinct – and it’s located on the main freight corridor servicing the Snowy Mountains.

Luke Tozer of McGrath Snowy Mountains says 600 square metres of the site is leased until August, with the tenant intending to extend the lease.

“It’s a rare opportunity for investors, developers or large-scale operators seeking space, access and a long-term upside,” he says.

“The size of the warehouse allows for fexible leasing confgurations, owneroccupation or future redevelopment into smaller industrial units or storage facilities – subject to usual approvals.”

Tozer says industrial land supply remains tight across this region, but

Online ofers: Close 3.30pm, May 20 Agent: McGrath Snowy Mountains, Luke Tozer 0400 459 607

demand continues to grow of the back of infrastructure and renewable energy projects. “It represents a strong strategic acquisition with immediate income and long-term upside,” he says.

“Opportunities like this in Cooma are extremely limited.”