Values slide continues in Sydney, Melbourne but steadies in most other capitals

All of Sydney, Melbourne and Perth fell 0.1 of a percentage point while both Brisbane and Adelaide both remained unchanged last week.

Listings continued to fall across all capital cities with the exception of Hobart last week, which lifted by 6.8 per cent marginally. Somewhat surprisingly, the largest falls came in Darwin and Canberra.

Houses remained more popular than units, with the average time on market drifting in all capitals. Hobart, Canberra and Melbourne performed best for houses at 30 days, 36 days and 34 days, respectively. For units, Hobart and Melbourne were ahead of the others at 28 days and 34 days each.

Vendor discounting across most capital cities was between 4.0 per cent and 5.8 per cent for houses, and between 6.2 per cent and 8.8 per cent for units.

Canberra was the low-end exception for houses and units at 2.0 per cent and 4.8 per cent, respectively.

Darwin was both the high-end exception for houses and units at 10.9 per cent and 13.9 per cent, respectively.