The number of properties for sale in the ACT is growing amid "extraordinarily low" and "deeply pessimistic" buyer sentiment thanks to recent interest rises, new research suggests.
Cotality's Home Value Index showed Canberra's property values dropped for the third month in a row in June as buyers hold off on purchasing to try to buy at the bottom of the market cycle.
The median Canberra dwelling dropped 0.6 per cent in June, and 1.3 per cent over the last quarter.
