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 recover in most capital cities, days on market shorten

By Tim Neary
28 May 2019 | 1 minute read
adelaide reb 1

Home values recovered this week, rising in three capital cities and falling in just two, according to the latest CoreLogic data.

Combined, the daily home value index fell by just 0.1 of a percentage point in the week ending 26 May.

Value climbed in Sydney, Melbourne and Adelaide; by 0.3 of a percentage point in Sydney and by 0.1 of a percentage point in both Melbourne and Adelaide, and fell in Brisbane and Perth; 0.1 of a percentage point and 0.5 of a percentage point respectively, CoreLogic’s Property Market Indicator data showed.

The monthly index was down by 0.5 of a percentage point for the week. It fell by 8.8 per cent for the year. Sydney and Melbourne remain the main drivers of the 12-month change, despite their weekly gains.

Listings dropped across many capital cities for the week, but Adelaide, Hobart and Darwin all recorded increases. Darwin was the biggest gainer at 8.1 per cent.

Houses remained more popular than units, and the average time for houses on market began to come down in most capital cities. Hobart faired best at 38 days, and both Sydney and Melbourne recovered to 50 days and 48 days respectively.

For units, Hobart was also best at 36 days, and Sydney and Melbourne recovered to 52 days and 45 days respectively.

Vendor discounting was between 5.2 per cent and 6.3 per cent for houses across most capital cities, and between 6.8 per cent and 7.8 per cent for units.

Canberra was the low-end exception for both houses and units, at 4.0 per cent 5.1 per cent respectively.

Darwin was the high-end exception for both houses and units, at 9.4 per cent and 10.9 per cent, respectively.

Home values recover in most capital cities, days on market shorten
adelaide reb 1
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.