Forrest has emerged as Canberra's most expensive suburb in a nationwide ranking of the country's dearest places to purchase property.
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The inner south suburb finished 37th on CoreLogic RP Data's "Million Dollar Club" list with a median house value of $2,118,596.
Forrest was the only ACT suburb to record a median house value above $2 million.
Canberra was home to seven suburbs with a median value of at least $1 million as of June, making up 1.6 per cent of the territory's property.
Inner south suburbs lead the pack with Yarralumla Canberra's second-most expensive suburb on $1,488,514, followed by Griffith on 1,254,519.
Red Hill, Campbell, Deakin and Isaacs rounded out the territory's seven.
It's the highest number of million-dollar suburbs recorded in the capital in the past five years of data, including only four suburbs in each of the previous three years.
Last year Domain Group data revealed Griffith was the city's most expensive suburb with a median price of $1,095,500 and 50 properties sold.
The CoreLogic list ranks Australian suburbs with a recorded median value of at least $1 million and at least 10 sales over the previous year.
Across Australia a record 437 suburbs topped the $1 million mark in 2015, 23.1 per cent more than the previous year.
The result follows a 44.3 per cent rise in the number of million-dollar suburbs between 2013 and 2014.
CoreLogic head of research Tim Lawless said the jump came off the back of an 11.1 per cent rise in combined capital city home values over the past 12 months.
"The rise in values has been strongest in Sydney and Melbourne and the jump in the number of suburbs on the list is evidence of these strong value rises," he said.
Sydney suburbs dominated the the rankings, accounting for 17 of the nation's 20 most expensive suburbs, with Point Piper topping the list.
While the number of suburbs with a median value of at least $1 million had increased considerably over recent years, CoreLogic also recorded a sharp rise in suburbs with a median value of at least $2 million.
In June 2014, 32 suburbs had a median value in excess of $2 million. This figure has increased to 48 suburbs including Forrest.
Another 40 are in Sydney, five in Melbourne and two in Perth.
