Canberra's house prices are growing at their slowest rate in more than four and a half years, while apartment values continue to tumble, new analysis has found.
But housing research firm Core Logic and financial analysts Moody's Analytics are predicting Canberra's property market will bounce back in next two years.
The firms' latest quarterly market research, published on Monday, showed the once-rapid rate of growth in Canberra house prices has slowed markedly, while apartment values have gone backwards.
Canberra house prices grew at 1.92 per cent across the year to July, the "weakest" annual growth rate since late 2014.
The analysts expect house prices to pick up between now and Christmas, finishing the year up 2.9 per cent on 2018 levels.
The firms had predicted in January that Canberra house prices would grow by 6.1 per cent in the coming year.
Although that hasn't eventuated, the analysts remain optimistic that house values will boom again in the nation's capital.
They are forecasting values will rise by 5.1 per cent in 2020, before increasing by another 6.1 per cent in 2021.
The trend for apartment values was "more worrisome", according to the research.
Values were down 2.4 per cent across the year to September, the sharpest annual decline in almost five years.
The downturn was seen as a "consequence" of the major influx of apartment developments in Canberra in the past decade.
Apartment prices were predicted to finish the year down one per cent on 2018 levels, before rising 2.6 per cent in 2020.
They will shoot up by 5.5 per cent in 2021, according to firms' projections.