A local buyer's agent went as far as to say Canberrans needed to ''stop auctioning''.

Another predicted minimal value growth and rising rents.

RP Data Research analyst Cameron Kusher said consecutive interest rate rises and a loss of buyer confidence would see Canberra not perform as well as it had.

But it was still faring better than other capital cities.

''The big thing at the moment is there are a lot of properties listed for sale and not enough buyers,'' he said.

Canberra house values for the year to July had dropped slightly by 0.34 per cent.

In comparison, Perth values dropped 5.5 per cent, Sydney 2.7 per cent and Brisbane almost 2 per cent. Nationally values fell 2.2 per cent.

However, it was units that ''fairly significantly'' dropped in value in Canberra 12.8 per cent the biggest fall of any capital city market.

There were also bad news for potential renters, with Mr Kusher predicting breaking into the rental market would not get easier before the end of the year. In fact, rents could increase.

''Value growth is fairly slow and once value growth is slow you see rental rates rise,'' he said.

Buyer's Agent Paula Sharp said properties were staying on the market much longer than this time last year and prices were being cut as much as 10 per cent to sell.

While there had been ''a little more interest'' in the market in the last month it was still ''flat''.

She predicted the market would plateau over the next two years.

''It is partly cyclic, but is also to do with the global economy,'' Ms Sharp said.

She said Canberrans should re-think putting property to auction unless it was in a sought-after location.

''People need to stop auctioning their houses,'' she said.

''Auctioning works in limited supply and huge demand, they don't work in situations like we have now.''

Many agents disagreed, pointing to a successful day of auctions and high clearance rates across the territory yesterday.