Why Canberra’s property dip is a stamp duty-free golden ticket for first-time buyers (opens original article in a new tab)

Canberra's property market may see a 4% price drop in 2027, with first-time buyers benefiting from stamp duty abolition and lower investor activity, while other cities face steeper declines. The market is expected to remain more stable due to better supply-demand balance and structural tax changes.

• Canberra house prices may drop up to 4% in 2027, less than Sydney and Melbourne's projected declines
• First-time buyers benefit from stamp duty abolition in ACT Budget, improving affordability
• Investor activity in Canberra is lower compared to other states, reducing market pressure
• Domain forecasts interest rates to remain stable until 2027, affecting borrowing capacity and price trends
• ACT's tax reforms aim to eliminate stamp duty within six years, altering property investment strategies