Cost Of Living In Canberra In 2027

Last updated: November 14, 2026

The cost of living in Canberra in 2027 is high for housing, with Domain reporting a median house price of about $1.04 million and a record median house rent of $710 a week in mid-2026, but higher average incomes, short commutes and some government concessions help offset those costs. This guide is part of our Canberra business services hub.

Canberra is often described as expensive, and housing is the main reason. Everyday costs such as groceries are broadly similar to other capitals, while energy bills depend heavily on how well a home is insulated for the cold winters.

This guide summarises the main costs and how they compare.

Housing Costs

Buying

Domain reported Canberra’s median house price at about $1.04 million in the June 2026 quarter, with the median unit price around $523,000. Prices range from under $900,000 in parts of Tuggeranong and Belconnen to more than $2 million in prestige inner south suburbs.

Renting

Canberra house rents hit a record $710 a week in the June 2026 quarter, according to Domain. Units are cheaper, and house rents in South Canberra are the highest in the city.

Stamp Duty And Rates

The ACT is gradually replacing stamp duty with higher general rates, and eligible first home buyers may pay little or no duty under the Home Buyer Concession Scheme. See our stamp duty in the ACT guide for details.

Energy And Utilities

Heating is a major winter cost. Homes with good insulation, double glazing and efficient reverse cycle systems or heat pumps have much lower bills. Households can access Sustainable Household Scheme loans for eligible efficiency upgrades.

For upgrades, see our lists of solar installers in Canberra and air conditioning companies in Canberra.

Transport

Many households run at least one car, but commutes are usually short. Transport Canberra fares on buses and light rail are relatively low, and cycling is a cheap alternative for many routes.

Childcare, Education And Health

Childcare costs are significant but offset by federal subsidies. Public schools are free apart from voluntary contributions and activities, while private school fees vary widely. Bulk-billing GPs can be harder to find than in some cities, so factor in out-of-pocket medical costs.

Incomes And Offsets

Canberra has some of the highest average household incomes in Australia, driven by public service and professional jobs. This helps many households manage high housing costs, but lower-income renters can face real pressure.

Concessions are available for eligible residents, including utility and rates rebates, so check ACT Government support if you qualify.

Frequently Asked Questions

Is Canberra More Expensive Than Sydney?

Canberra house prices are well below Sydney’s, but Canberra rents are among the highest in the country. Overall, Canberra is generally cheaper than Sydney for buyers.

What Is The Biggest Cost Of Living In Canberra?

Housing, whether rent or mortgage repayments, is the largest cost for most households, followed by energy, transport and food.

How Can I Reduce Heating Costs In Canberra?

Improve insulation, seal draughts, use efficient reverse cycle heating and consider solar. ACT loans can help fund upgrades.

Are Groceries Expensive In Canberra?

Grocery prices are broadly in line with other Australian capitals, with major supermarkets and weekend farmers markets across the city.

Conclusion

Canberra’s cost of living is driven mainly by housing and winter energy use, balanced by high incomes and short commutes.

If you are planning a move, see our guides to moving to Canberra and the best suburbs to live in Canberra.