Fast 50 mobile

Only one capital city saw solid value growth last week

Just one capital city saw home value growth over the last week, new data indicates.

property coins house spi

Brisbane was the only major capital city to record a home value change over the last week with a rise of 0.2 of a percentage point.

Meanwhile, Sydney, Melbourne and Adelaide all recorded declines of 0.1 of a percentage point and Perth dropped by 0.4 of a percentage point.

The combined weekly change declined 0.1 of a percentage point and the combined monthly change was a decline of 0.4 of a percentage point, according to the CoreLogic Property Market Indicator for the week ending 11 November.

Listings declined slightly week-on-week, with Darwin, Hobart and Canberra defying trends by rising 31.9 per cent, 14.6 per cent and 0.2 of a percentage point, respectively.

Meanwhile, Sydney saw the largest listing fall of 8.2 per cent, which was then followed by Melbourne with a decline of 3.2 per cent and then Brisbane with a decline of 1.9 per cent.

Houses remained more popular than units, with the average time on market rising slightly across the capital cities. Canberra, Hobart and Melbourne performed best for houses yet again at 28 days, 31 days and 33 days, respectively.

For units, Hobart and Melbourne were the top performers yet again at 30 days and 33 days, respectively.

Vendor discounting across most capital cities was between 4.8 per cent and 7.7 per cent for houses, and between 5.6 per cent and 10.7 per cent for units.

Canberra was the low-end exception for houses and units at 3.3 per cent and 2.5 per cent, respectively.

Darwin was the high-end exception for both houses and units at 8 per cent and 16.1 per cent, respectively.

RELATED TERMS

You need to be a member to post comments. Become a member for free today!
Comments (0)
avatar
Attach images by dragging & dropping or by selecting them.
The maximum file size for uploads is 10MB. Only gif,jpg,png files are allowed.
 
The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
The maximum number of 3 allowed files to upload has been reached. If you want to upload more files you have to delete one of the existing uploaded files first.
Posting as

    Related articles