It’s common knowledge that the cost of buying a home has increased significantly in recent years, even more so since the coronavirus pandemic arrived.

However, it’s now been revealed that the ACT is home to the second most expensive housing on average in Australia.

In the latest analysis from property group Domain, Canberra overtook Melbourne to claim second place just behind Sydney with the average ACT home now costing a whopping $1.07 Million.

However, unit prices have fallen.

Dr. Nicola Powell from Domain checked in with the Mix106.3 Real Estate Show to discuss what’s driving the record increase.

Listen to the chat below:

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