Dwelling values fall in half of nation’s capitals

Half of Australia’s capital cities have recorded falling dwelling values, according to the latest report from CoreLogic RP Data.

The value for houses in the combined capital cities rose 10.6 per cent on the previous year to reach a median price of $600,000, while units were up 7.4 per cent to $509,900.

In Perth the value of houses fell 1.5 per cent to $520,000 and units dropped 5.2 per cent to $415,500.

In Darwin houses dropped 4.8 per cent to $580,000 and units fell 3.7 per cent to $450,000.

Houses in Canberra fell 1 per cent to $587,800 and units were up 0.9 per cent $415,000.

In Hobart houses rose 1.7 per cent to $320,000 while units fell 0.6 per cent to $280,000.

Houses in Adelaide were up 1.8 per cent to $430,000 and units climbed 1.2 per cent to $350,000.

In Brisbane houses jumped 4.3 per cent to $482,400 and units were up 0.5 per cent to $382,200.

Melbourne houses were up 11.5 per cent to $620,000 and units were up 2.9 per cent to $475,000.

In Sydney houses climbed 18.6 per cent to $900,000 while units jumped 12.7 per cent to reach $670,000.

[LinkedIn: What can be done to make life easier for first home buyers?]

promoted stories

REB Events