Narrabundah’s property market in Canberra’s Inner South continues to show strong momentum, with limited housing stock and sustained buyer demand pushing prices higher for well-located family homes.

Recent sales activity highlights the competitive conditions, including a standout auction at 11 Strzelecki Place, where five registered bidders competed for a four-bedroom home that had been held by the same family for 69 years.The property ultimately sold under the hammer for $1.67 million after attracting strong interest, reflecting ongoing appetite for renovator opportunities in established neighbourhoods.

In addition to the auction result, local agent Ahmad Souweid from Blackshaw Manuka also facilitated an off-market transaction at 26 Bayley Street, which achieved $1.675 million.

This four-bedroom home, set on a smaller 469-square-metre block, appealed to owner-occupiers due to its functional layout, established outdoor spaces and proximity to schools, shops and transport links.The property had previously changed hands for $1.615 million in November 2024, highlighting rapid value growth in a short timeframe.Another nearby sale at 17 Vaughan Gardens saw a three-bedroom home sell for $1.35 million, with the property offering renovation potential for buyers seeking entry into the suburb.Market data from the Domain House Price Report shows Narrabundah’s median house price has increased 12 per cent over the past year and 32.5 per cent over five years, reaching $1.391 million.

These figures reinforce the suburb’s position as one of Canberra’s consistently strong-performing residential areas, driven by scarcity of supply, lifestyle appeal and long-term growth expectations.Overall, the article underscores a highly competitive local market where tightly held homes are achieving premium results.