Powered by MOMENTUM MEDIA
realestatebusiness logo
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

Home values across Australia can’t get a rise out of vendors

10 July 2018 Sasha Karen
Home values across Australia

The combined daily home value index declined by 0.1 of a percentage point during the week ending 8 July, according to the CoreLogic Daily Home Value Index.

No capital city saw a rise in its home value this week, with Brisbane and Adelaide holding steady. Perth, along with Sydney and Melbourne, declined by 0.1 of a percentage point.

Listings continued to decline across all capital cities, except for Canberra, continuing its listing rise from the previous week.

Houses remained more popular than units, with the average time on market rising in most capitals.

Advertisement
Advertisement

Hobart, Melbourne and Canberra performed best for houses at 30 days, 34 days and 36 days, respectively; while the longest wait occurred in Brisbane, Perth and Darwin at 63 days, 83 days and 93 days, respectively.

For units, Hobart and Melbourne were ahead of the others at 28 days and 34 days each.

Vendor discounting across most capital cities was between 4 per cent and 8 per cent for houses, and between 4.9 per cent and 8.8 per cent for units.

Canberra was the low-end exception for houses and units at 2.0 per cent and 4.8 per cent, respectively.

Darwin was both the high-end exception for houses and units at 10.9 per cent and 13.9 per cent, respectively.

Home values across Australia can’t get a rise out of vendors
australia map 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.