Powered by MOMENTUM MEDIA
realestatebusiness logo
Subscribe to our newsletter SIGN UP

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

rpm logo latest

2 cities see value increases as Sydney, Melbourne continue to cool

19 June 2018 Sasha Karen
value increase, Sydney, Melbourne

Only two capital markets rose this week, as all of the others, including Sydney and Melbourne, lost value, the latest CoreLogic data showed.

The combined daily home value index declined by 0.1 of a percentage point during the week ending 17 June.

Both Adelaide and Brisbane continued their rising trend by 0.1 of a percentage point. Sydney, Melbourne and Perth, however, declined by 0.1 of a percentage point.

Listings continued to decline across every capital city, with a combined decline of 6.2 per cent. Brisbane saw the smallest decline at 0.2 of a percentage point, while the largest declines were once again noticed in Adelaide, Sydney and Darwin at 7.7 per cent, 11.3 per cent and 20.9 per cent.

Advertisement
Advertisement

Houses remained more popular than units, with the median time on market rising compared to last week. Continuing on from last week’s trend, Hobart, Canberra and Melbourne were the best performers for houses, with the median time on market at 28 days, 29 days and 32 days, respectively.

The worst performers for houses were the same as last week: Brisbane, Perth and Darwin at 62 days, 82 days and 86 days, respectively.

Vendor discounting across most capital cities was between 4.3 per cent and 7.7 per cent for houses, and between 4.6 per cent and 8.6 per cent for units.

Canberra was the low-end exception for houses and units at 2.8 per cent and 3.6 per cent, respectively.

Darwin was both the high-end exception for houses and units at 9.4 per cent and 13.6 per cent, respectively.

2 cities see value increases as Sydney, Melbourne continue to cool
arrow up graph reb
lawyersweekly logo
FROM THE WEB
Recommended by Spike Native Network

 

Subscribe to our RPM mailing list

 

Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.