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Only two of the major capital city markets declined last week, and the rest saw no movement at all, according to the latest data from CoreLogic.
The combined daily home value index declined by 0.1 of a percentage point during the week ending 19 August, according to the CoreLogic Property Market Indicator Summary.
Once again, Melbourne continued its trend for biggest decline of all the major capital city markets, falling by 0.2 of a percentage point, followed by Brisbane, which fell by 0.1 of a percentage point.
The other major capital cities Sydney, Adelaide and Perth all remained steady and did not move.
Listings declined across most of the capital cities, with the exceptions of Hobart and Canberra, which recorded rises of 10.9 per cent and 10.3 per cent, respectively, while Canberra remained steady.
Houses remained more popular than units, with the average time on market mostly declining across all capitals. Unsurprisingly, Hobart, Canberra and Melbourne performed best once again for houses at 28 days, 31 days and 34 days, respectively. For units, Hobart, Melbourne and Sydney were on top once again at 31 days, 34 days and 45 days, respectively.
Vendor discounting across most capital cities was between 4.3 per cent and 7.2 per cent for houses, and between 5.3 per cent and 9 per cent for units.
Canberra was the low-end exception for houses and units at 3 per cent and 4.7 per cent, respectively.
Perth was the high-end exception for houses at 8 per cent while Darwin was the high-end exception for units at 9.3 per cent.
The combined daily home value index declined by 0.1 of a percentage point during the week ending 19 August, according to the CoreLogic Property Market Indicator Summary.
Once again, Melbourne continued its trend for biggest decline of all the major capital city markets, falling by 0.2 of a percentage point, followed by Brisbane, which fell by 0.1 of a percentage point.
The other major capital cities Sydney, Adelaide and Perth all remained steady and did not move.
Listings declined across most of the capital cities, with the exceptions of Hobart and Canberra, which recorded rises of 10.9 per cent and 10.3 per cent, respectively, while Canberra remained steady.
Houses remained more popular than units, with the average time on market mostly declining across all capitals. Unsurprisingly, Hobart, Canberra and Melbourne performed best once again for houses at 28 days, 31 days and 34 days, respectively. For units, Hobart, Melbourne and Sydney were on top once again at 31 days, 34 days and 45 days, respectively.
Vendor discounting across most capital cities was between 4.3 per cent and 7.2 per cent for houses, and between 5.3 per cent and 9 per cent for units.
Canberra was the low-end exception for houses and units at 3 per cent and 4.7 per cent, respectively.
Perth was the high-end exception for houses at 8 per cent while Darwin was the high-end exception for units at 9.3 per cent.
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