Is your house making more than you?

More than 20 ACT suburbs were analysed as part of the Ray White report, which measures and compares median house prices, price growth, and incomes.

"Canberra follows the broader national trend where people are still out-earning their properties by significant margins across all suburbs analysed," Atom Go Tian, senior data analyst for the Ray White Group said.

According to the report, median Australian house prices jumped from $871,671 to $918,296 in the year to April 2025.

Canberra's average annual salary was $93,351. Despite some steady growth in house prices, it was no match for the high wages of the territory.

In fact, it was the only jurisdiction where no suburbs had an annual house price growth above the median annual salary.

Canberra was also the place with the highest overall difference in annual salary compared to house growth. House values had only increased by $18,000 over the year.

Mr Go Tian said the figures were largely due to Canberra being a small jurisdiction made up predominantly by high-income earners.

"The last 12 months have not been very strong for Canberra in terms of growth because it is already at very high price ranges," he said.

While that may be disappointing for homeowners in Canberra, it will be welcome relief for first-home buyers.

"It should really help people who are saving up for a home because they are earning more than houses are appreciating," Mr Go Tian said.

"It should give people a sense of security. The fact the market is slowing down in Canberra means houses are not shooting too far ahead of their range," he said.

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Forrest had the highest year-on-year growth by dollars, at $68,670, but the gross percentage was only 1.6 per cent.

O'Malley closely followed at $67,575: a 2.6 per cent change.

The only other growth in prices over $50,000 was in Red Hill, at $52,151.

Mr Go Tian said the figures were drastically different to in 2021, when houses in some suburbs made up to $177,000 more than the median annual income.

This time, Perth was the sole jurisdiction where house price growth outpaced annual salaries, at $95,000 and $81,568 respectively.