Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

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

rpm logo latest

Home values remain flat across Australian capital cities

By Tim Neary
10 October 2017 | 1 minute read
Home values

Home values increased in only two capital cities last week, with only Melbourne and Brisbane recording increases, according to the latest CoreLogic data.

Advertisement
Advertisement

Combined, the daily home value index remained level in the week ending 8 October.

Sydney and Adelaide remained level and Perth fell by 0.1 per cent. Melbourne climbed by 0.1 per cent and Brisbane climbed by 0.2 per cent, CoreLogic’s Property Market Indicator data showed.

The monthly index was up by 0.2 per cent for the week. It rose by 8.3 per cent for the year. Sydney and Melbourne remained the main drivers at 10.0 per cent and 11.9 per cent, respectively.

Listings fell across most capital cities, with only Sydney, Adelaide and Canberra recording positive returns. Perth and Hobart were the two biggest fallers at -10.6 per cent and -16.2 per cent, respectively.

Houses remained more popular than units, and the average time for houses on market lengthened slightly last week, with Canberra, Melbourne and Sydney performing best at 26 days, 28 days and 30 days, respectively.

Perth and Darwin performed the worst at 83 days and 80 days each.

Vendor discounting across most capital cities was between 4.9 per cent and 7.5 per cent for houses, and between 4.3 per cent and 6.0 per cent for units.

Canberra was the low-end exception for both houses and units at 3.8 per cent and 2.7 per cent, respectively.

Darwin was the high-end exception for houses at 9.6 per cent and Perth for units at 9.3 per cent.

Home values remain flat across Australian capital cities
holding a housemodel 850
lawyersweekly logo

 

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Queenton
69.76%
Flying Fish Point
69.61%
Point Piper
69.17%
Glenelg South
69.02%
Pretty Beach
69.01%
Bar Beach
68.9%
Northampton
68.7%
Kembla Grange
66.91%
Gnarabup
66.67%
Boomerang Beach
66.67%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to 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.