Little movement in home values around the country, latest data finds
Home values either climbed marginally or held steady in all but one capital city last week, with Perth the only one recording a fall, according to the latest CoreLogic data.
Combined, the daily home value index rose by 0.1 per cent in the week ending 3 September.
Sydney and Melbourne climbed 0.1 per cent and 0.2 per cent respectively, while Brisbane and Adelaide and held firm and Perth fell by 0.2 per cent, CoreLogic’s Property Market Indicator data showed.
The monthly index was up by 0.1 per cent for the week. It rose by 9.6 per cent for the year. Sydney and Melbourne remain the main drivers at 12.7 per cent and 12.5 per cent.
Listings dropped overall, with only Sydney, Melbourne and Darwin remaining in the black. Darwin climbed the most at 13.0 per cent while Perth was the biggest loser, falling by 14.3 per cent.
Houses remained more popular than units, and the average time for houses on market remained steady, with Canberra, Melbourne and Sydney performing best at 26 days, 28 days and 30 days respectively.
Perth and Darwin performed the worst at 85 days and 72 days each.
Vendor discounting was between 4.0 per cent and 5.9 per cent for houses across most capital cities, and between 4.4 per cent and 7.5 per cent for units.
Canberra was the low-end exception for both houses and units at 3.3 per cent and 3.0 per cent, respectively.
Darwin was the high-end exception for both houses and units at a respective 9.1 per cent and 11.1 per cent.
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