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Last week saw the highest volume of auctions ever recorded across the combined capital cities, according to the latest CoreLogic data.
The pre-Easter week saw a total of 3,967 auctions held across the capital cities yet did not impact the daily home value index which declined by 0.1 per cent in the week ending 25 March.
Both Melbourne and Brisbane saw a decline by 0.2 percent and 0.1 per cent respectively, whilst Adelaide had a rise of 0.1 per cent and Perth a rise of 0.2 per cent with Sydney experiencing no change, the latest CoreLogic Property Market Indicator showed.
New listings were split across the capital cities, with four capital cities seeing an increase and four a decrease but the combined score was a decrease of 2.0 per cent.
A major contributor to the decrease was Darwin which suffered a 30.5 per cent decline, with Adelaide following with 6.8 per cent.
Canberra took over Perth as the best performing capital city for listings growth at 12.6 per cent with Perth only managing a .4 percentage point increase to 2.6 per cent.
Houses remained more popular than units, with the median time on market slightly decreasing overall, with Hobart and Canberra each decreasing by a day to 24 days and 26 days, respectively and Melbourne remaining static at 29 days.
The worst performers for houses were Brisbane and Perth at 64 days and 85 days respectively.
Darwin saw the best improvement with the average time on market decreasing from 85 days to 51 days for houses; units also saw an improvement from 64 days to 45 days.
Vendor discounting across most of the capital cities was between 4.1 per cent and 7.4 per cent for houses and between 3.7 per cent and 8.2 per cent for units.
Canberra was the low-end exception for both houses and units at 3.7 per cent and 3.3 per cent, respectively.
Darwin was the high-end exception for houses at 8.6 per cent and Perth was the high-end exception for units at 8.3 per cent.
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