Fresh data: One capital city holds steady as others fall

Adelaide, following trends from previous weeks, saw no value changes again and held steady.

The monthly index was down by 0.6 of a percentage point. It fell by 8.7 per cent for the year again. Sydney, Melbourne and Perth were the main drivers again at 11 per cent, 9.9 per cent and 8 per cent, respectively.

While prices continued their overall decline, so too did listing volumes, with Sydney (making it eight weeks of declines in a row), Melbourne, Brisbane and Perth dragging down the overall combined capitals listings figure at -12.7 per cent. Darwin, Hobart, Adelaide and Canberra rose.

Houses remained more popular than units, and the average time for houses on market fluctuated, with Melbourne, Perth and Canberra declining, Adelaide, Hobart and Darwin rising, Sydney and Brisbane holding steady. Hobart remained the best capital city for selling houses quickly again at 37 days.

Perth had the longest wait again at 74 days, followed by Brisbane at 68 days and then Darwin at 61 days.

For units, Hobart was again the quickest at 27 days, and Perth, Brisbane and Darwin were the slowest at 93, 66 and 64 days, respectively.

Vendor discounting was between 4.9 per cent and 8.3 per cent for houses across most capital cities, and between 5 per cent and 10 per cent for units.

Canberra was again the low-end exception for both houses and units, at 3.5 per cent for houses and 3.9 per cent for units.

Perth was the high-end exception for houses again at 8.3 per cent and Darwin was the high-end exception for units again at 15.6 per cent.

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