Fluctuations in home values lead to overall stabilisation; listings mostly down
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Fluctuations in home values lead to overall stabilisation; listings mostly down

Fluctuations in home values lead to overall stabilisation; listings mostly down

by Sasha Karen | April 16, 2018

Home values in the major capital cities fluctuated last week, overall resulting in values holding steady, the latest CoreLogic data showed.

A house being held

The combined daily home value index held steady and did not move in the week ending 15 April.

Melbourne, Adelaide, Sydney and PerthPerth, TAS Perth, WA fell by 0.1 per cent, and Brisbane was the only major capital city to see a rise by 0.1 per cent, the latest CoreLogic Property Market Indicator showed.

Listings fell in most capital cities, with the biggest decline reported in Hobart at 12.1 per cent, followed by Darwin and Adelaide at 8.3 per cent and 6 per cent, respectively.

Meanwhile, Canberra performed the strongest for listings at 20.9 per cent.

Houses remained more popular than units, with the median time on market slightly increasing, although Hobart, Canberra and Melbourne yet again were the top performers at 24 days, 29 days and 30 days, respectively.

The worst performers for houses were Brisbane, Darwin and Perth at 61 days, 68 days and 70 days, respectively.

Vendor discounting across most capital cities was between 4.3 per cent and 7.4 per cent for houses and between 4.2 per cent and 7.9 per cent for units.

Canberra and Hobart were the low-end exceptions for houses, both at 4.1 per cent, and Hobart was the low-end exception for units at 3.7 per cent.

Darwin was the high-end exception for houses at 7.6 per cent and Perth for units at 8.6 per cent.

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