House prices have been tipped to rise in Canberra over 2020

Low interest rates, strong population growth and low unemployment are some of the factors that will drive this growth, experts have said.

Growth rates of between 3 to 10 per cent have been predicted.

It comes as the Reserve Bank of Australia again put the interest rate on hold at 0.75 per cent this week.

AMP chief economist Shane Oliver had the most ambitious forecast for Canberra house prices at 10 per cent. If the prediction proved to be correct it would be the highest recorded growth rate since August 2010.

"Canberra is reasonably well placed to see a pick up," he said.

"I suspect given the fundamentals of much lower rates, reasonable growth in the Canberra economy and the ongoing boost to confidence following the federal... I think those things will probably underpin reasonable gains in Canberra.

"Nationally we are looking at price gains of around 10 per cent and I would expect Canberra would be roughly in line with that."

Mr Oliver said house prices would be stronger than unit prices. Bendigo and Adelaide Bank head of economic and market research David Robertson agreed detached houses would record a higher rate of growth.

"Our view is like the rest of Australia we do see Canberra property prices rising next year, we have penciled in about a 5 per cent rise for property next year, on average," he said.

"Probably close to 6 per cent for houses and a little bit lower for units and high rise."

Mr Robertson highlighted population growth and a low unemployment rate as the driving factors behind the forecast.

"Specifically for Canberra, population growth is running a little bit faster than the rest of Australia so that is going to help and you would expect that trend to continue," he said.

"Also the ACT has got the lowest unemployment rate in the country at 3.3 per cent ... there has been a fall in youth unemployment so there is a few indicators would suggest the ACT jobs market is still pretty good overall."

It comes as recent data from Corelogic found that units were almost seven times more likely to sell for a loss than houses in Canberra.

More than one in five units in Canberra in the three months to September 2019 sold at a loss, compared with just 3 per cent of houses.

According to Corelogic data released on Monday, house prices in Canberra have been growing in Canberra since July.

Canberra's home value of $630,078 is at a record high.

Corelogic has forecast that Canberra dwelling value would increase at a similar pace in 2020 as prices did last year.

Price increases are expected across the nation over 2020.

Recent bushfires and the subsequent smoke haze are unlikely to have an impact on Canberra house prices, according to the forecasters.

Mr Oliver said bushfires could pose a downside risk if the threat from bushfires continued for the coming months but it has not impacted on his forecast. He said the recent smoke haze in Canberra would not have an impact as it happened when the property market was quiet.

Mr Robertson said bushfires would have a short term impact on the retail and tourism economy but he said he did not see an impact on capital city house prices.