Research

Biggest markets see home values hold steady

By Sasha Karen
Property market, home values, steady, house market

Home values in the major capital cities for the most part remained steady, with some minor fluctuation in the less-popular markets, the latest CoreLogic data showed.

The combined daily home value index held steady during the week ending 13 May.

Sydney, Melbourne and Brisbane all held steady, Adelaide rose 0.2 per cent and PerthPerth, TAS Perth, WA declined 0.1 per cent, the latest CoreLogic Property Market Indicator showed.

Listings fell in all capital cities but Hobart, which had seen a trend of declines previously, which rose 6.9 per cent. The biggest decline was reported in Darwin at 22.2 per cent, followed by Canberra and Sydney at 20.3 per cent and 10.4 per cent, respectively

Houses remained more popular than units, with the median time on market slightly increasing overall. Hobart, Canberra and Melbourne yet again were the top performers, with the two former capital cities at 30 days and the latter at 31 days, respectively.

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 3.4 per cent and 6.5 per cent for houses and between 4.4 per cent and 6.0 per cent for units.

Canberra was the low-end exception for houses at 3.0 per cent, and Hobart was the low-end exception for units at 2.5 per cent.

Perth And Darwin were both the high-end exception for houses at 7.3 per cent, while Perth was also the high-end exception for units at 6.7 per cent.

NEWSLETTER
Be the first to hear the latest property investment insights
 
Email:
Biggest markets see home values hold steady
SPI logo