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 across Australia can’t get a rise out of vendors

By Sasha Karen
10 July 2018 | 1 minute read
australia map reb

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.

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
Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings

 

Subscribe to our RPM
mailing list

 

Do you have an industry update?

top suburbs

12 month growth
Box Hill
127.02%
Mollymook
82.85%
Brightwaters
79.93%
Cleve
78.13%
Bawley Point
76.2%
Murrays Beach
75.57%
Terranora
70%
Crescent Head
69.38%
Park Ridge South
68.32%
Mollymook Beach
67.09%
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.