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Melbourne · 2:57 am

A-Z Real Estate
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  3. Canterbury
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Canterbury property prices over the past 11 years

Explore how median house and unit prices have changed over time using annual sales data.

Reading price history for Canterbury works best when houses and units are viewed separately. Short-term swings can be misleading, so the broader period and how many properties sold each year are worth weighing together when you interpret the annual medians and the longer trend across the series.

Price history

Compare annual median house and unit prices across the same period. Switch between nominal and inflation-adjusted values to view historical price movement in different terms.

Significant market events

Major Australian economic events are shown as reference points for long-term price movement. They provide broader market context rather than suburb-specific explanations.

Vertical guides on the chart mark wider macro moments—not Canterbury-specific headlines. They are deliberately light: context for reading Canterbury property trends, not a substitute for local advice.

  • 2020 — COVID-19. A period when many markets saw unusual buyer urgency and lifestyle-led moves.
  • 2022 — RBA cash rate rises. Borrowing costs shifted quickly—often cooling the most rate-sensitive segments first.
  • 2024 — Inflation peak easing. Sentiment began balancing again as inflation pressures moderated from their peak.

Canterbury property market: a decade in context

A longer-term view of how house and unit prices have moved across the decade.

Across 2016 to 2026, houses increased by 24.19% while units rose by 3.65%, showing stronger long-term growth for house prices. House prices recorded their strongest annual increase in 2021, showing that growth has not been linear, before easing in the latest year-to-date figures. House prices carried the clearer long-term gain when the two markets are compared side by side across the reporting period. Across the decade, both property types finished above where they began and followed a broadly similar direction through the full reporting window, with sales activity picking up in more recent years.

Year-by-year medians

Compare annual median prices, sales volume, growth and recorded price ranges. Switch between houses and units to focus on one property type at a time.

YearHouse medianHouse salesHouse growthHouse lowHouse high
2026$3,260,000108-13.15%$1,280,000$10,500,000
2025$3,753,750102+15.90%$870,000$28,100,000
2024$3,237,500116-6.90%$1,320,000$14,350,000
2023$3,477,50074+0.10%$475,000$16,280,000
2022$3,475,00092+2.50%$1,195,000$21,000,000
2021$3,390,000107+24.10%$1,780,000$29,000,000
2020$2,732,50084-5.90%$750,000$7,950,000
2019$2,905,00081+19.10%$1,360,000$8,888,800
2018$2,440,00089-21.90%$9,000$8,188,888
2017$3,122,500114+19.00%$1,356,000$11,500,000
2016$2,625,000114—$371,297$18,000,003

A more considered view on your property's value

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