Home values up in only one major capital city; listings slightly up all round

Sydney and Perth both declined by 0.1 per cent, Brisbane and Adelaide remained level, and Melbourne saw a modest rise of 0.1 per cent, the latest CoreLogic Property Market Indicator showed.

Listings saw slight recovery across all capital cities, with Perth leading the charge at 6.8 per cent, followed by Sydney at 5.3 per cent. Meanwhile, Hobart and Canberra still were the worst performers at -19.8 per cent and -13.2 per cent, respectively.

Houses remained more popular than units, with the median time on market overall improving, with Hobart, Melbourne and Canberra continuing to lead the way, with the former at 26 days and the two latter at both 30 days.

The worst performers for houses were Brisbane, Perth and Darwin at 73 days, 84 days and 97 days, respectively, while Darwin was the poorest performer at 99 days.

Vendor discounting across most capital cities was between 3.9 per cent and 7.2 per cent for houses and between 4.5 per cent and 8.3 per cent for units.

Canberra was the low-end exception for both houses and units at 3.6 per cent and 2.9 per cent, respectively.

Darwin was the high-end exception for both houses and units at 8 per cent and 15.5 per cent, respectively.