Housing values across Australia have declined for a second consecutive month but Canberra's value had a subtle rise, according to new data.
The Corelogic home value index for June found values fell 0.7 per cent with declines posted in most capital cities.
Canberra's value was up just 0.1 per cent month-on-month with a median value of $639,965. Hobart and Darwin were the only other capital cities to record growth.
Melbourne had the largest fall down 1.1 per cent, followed by Sydney at 0.8 per cent.
Units posted a slightly higher growth in Canberra over the month, with values up 0.3 per cent to $444,181. House values rose 0.1 per cent in the nation's capital to a value of $716,150.
While prices have fallen nationally, Corelogic head of research Tim Lawless said a downward pressure remained mild to-date. He said low stock levels had attributed to this.
"A variety of factors have helped to protect home values from more significant declines, including persistently low advertised stock levels and significant government stimulus," he said.
"Additionally, low interest rates and forbearance policies from lenders have helped to keep urgent sales off the market, providing further insulation to housing values."
But despite the mild decline, Mr Lawless said the longer term outlook remained uncertain.
"While it is encouraging to see lenders have recently hinted at an extension in their repayment leniency policies, the government stimulus will eventually taper and banks will require borrowers to repay their loans," he said.
"The longer term outlook for the housing market is largely dependent on how well the economy is tracking when these support measures are removed."