Despite headline figures suggesting real estate prices are dropping across the major cities, a home is still likely to be the largest purchase most people will make in their lifetime.
House prices in the ACT dropped 0.2 per cent last month, bringing the median price of a stand-alone home down to the still pricey $1.04 million.
Housing was the centrepiece of both the ACT and federal budgets this year, with the capital gains tax discount, negative gearing and stamp duty all in the firing line in an attempt to help first home buyers out of the rental market.
