Police seized knives, ammunition, a stolen car and a quantity of suspected drugs from a property in Evatt on Thursday.
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ACT Policing criminal investigation detectives supported by members of the Australian Federal Police specialist response group executed a search warrant on the home around 7.50pm.
They seized clip-seal bags containing a substance suspected to be amphetamine, a number of large knives and firearm ammunition.
A stolen black Nissan Navara displaying false registration plates was also seized.
An ACT Policing spokeswoman said investigations into the matter were ongoing and released images of the knives and ammunition.
Anyone with information about illicit firearms or drugs in the community is urged to contact Crime Stoppers on 1800 333 000 or at act.crimestoppers.com.au.