North-south divide in Canberra as South Canberra records negative house price growth in year to March: ANZ

Regional areas have outperformed capital cities in the year to March, according to ANZ.

"Despite being lower in annual growth terms, regional house prices have been more stable than capital city house prices, which have seen larger price falls across all major states and territories," notes the Australian Housing Chartbook.

The bank expects the ACT market to remain soft in the year ahead.

"While we continue to expect continued divergence within South Australia and ACT regional housingmarkets, a broadly soft economic outlook for the South Australia and ACT economies combined withrelatively balanced housing markets should contain house price growth in the coming year across most regions."

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Source RP Data, Rismark, ANZ