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Home values continue to hold steady overall
The combined daily home value index held steady during the week ending 20 May.
Adelaide continued its rising trend from last week and rose 0.1 per cent; Sydney, Brisbane and Perth all held steady, while Melbourne declined 0.2 per cent, the latest CoreLogic Property Market Indicator showed.
Listings fell in all capital cities but Perth and Canberra, which rose by 1.3 per cent and 6.9 per cent respectively. The biggest decline was reported in Darwin at 31 per cent, followed by Sydney and Adelaide at 10.6 per cent and 7.2 per cent, respectively.
Houses remained more popular than units, with the median time on market, for the most part, holding steady. Yet again, capital cities Hobart and Canberra, at 30 days, and Melbourne, at 31, were the top performers.
The worst performers for houses were Brisbane, Perth and Darwin again at 61 days, 72 days and 90 days, respectively.
Vendor discounting across most capital cities was between 3.8 per cent and 6.5 per cent for houses, and between 4.3 per cent and 6.1 per cent for units.
Canberra was the low-end exception for houses at 3.2 per cent, and Hobart was the low-end exception for units at 2.4 per cent.
Perth was the high-end exception for houses at 7.6 per cent and units at 7.8 per cent.
