Home values see overall decline with biggest markets slipping
Home values in the major capital cities saw slight movement with declines in two major markets, the latest CoreLogic data showed.
The combined daily home value index continued its decline from the previous week and fell 0.1 per cent the week ending 6 May.
Brisbane, Adelaide and Perth all held steady, while Sydney and Melbourne both declined 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 per cent, followed by Canberra and Perth at 8.6 per cent and 5.7 per cent, respectively.
Meanwhile, Darwin performed the strongest for listings at 14 per cent.
Houses remained more popular than units, with the median time on market slightly decreasing overall. Hobart, Canberra and Melbourne yet again were the top performers at 29 days, 30 days and 32 days, respectively.
The worst performers for houses were Brisbane, Perth and Darwin at 60 days, 72 days and 88 days, respectively.
Vendor discounting across most capital cities was between 3.9 per cent and 6.9 per cent for houses and between 5.1 per cent and 6.4 per cent for units.
Canberra was the low-end exception for houses at 3.6 per cent, and Melbourne and Canberra were both the low-end exception for units at 4.4 per cent.
Perth was the high-end exception for both houses and units at 7.3 per cent and 7.8 per cent, respectively.
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