Well look at that.
The Canberra Times reports that median property prices in the ACT fell 2.8% in the past 12 months.
Markets are at their most dangerous when there are idiot investors who believe prices can never go down, because that belief leads them to over-leverage.
Canberra has sadly been afflicted by vast numbers of such idiots for a very long time.
We can only hope there is a return to sanity.