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No one thinks Canberra has any impact on a national housing figure. Its not really a capital anyway other than being the seat of government as opposed to being a real city.

You can't just read raw data without more context. US price index is completely different to Australia. There are hundreds of cities included. Australian prices are driven mainly by 2 and at most 5. Next the price rise in Australia is partly driven by inner-city land prices booming...