National values fluctuate, listings under pressure, latest data finds
Home values have continued with their fluctuation pattern last week across Australia’s capital cities, while listings have also continued to come under pressure, according to the latest CoreLogic data.
The combined daily home value index held steady in the week ending 1 April.
Perth rose by 0.1 per cent, Sydney and Melbourne held steady, and both Brisbane and Adelaide fell by 0.1 per cent, the latest CoreLogic Property Market Indicator showed.
Listings declined across all capital cities, with the biggest decline in Darwin at 26.3 per cent; followed by Canberra, Adelaide and Melbourne at 13.7 per cent, 11.6 per cent and 10.1 per cent, respectively.
Perth’s listings activity fell the least at -2.8 per cent.
Houses remained more popular than units, with the median time on market pushing out overall, although Hobart, Canberra and Melbourne have continued to lead the way at 22 days, 26 days and 29 days, respectively.
The worst performers for houses were Brisbane, Perth and Darwin at 60 days, 81 days and 57 days, respectively.
Vendor discounting across most capital cities was between 4.2 per cent and 7.5 per cent for houses and between 4.3 per cent and 6.1 per cent for units.
Canberra was the low-end exception for both houses and units at 3.6 per cent and 3.4 per cent, respectively.
Darwin was the high-end exception for houses at 8.5 per cent and Perth for units at 8.7 per cent.
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