Wednesday, October 04 2017
Home values increased in all but two capital cities last week, with only Sydney and Adelaide recording falls, according to the latest CoreLogic data.
Melbourne was the highest climber at 0.3 per cent, followed by Brisbane and Perth at 0.2 per cent and 0.1 per cent respectively. Both Sydney and Adelaide fell 0.1 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 8.6 per cent for the year. Sydney and Melbourne remained the main drivers at 10.5 per cent and 12.1 per cent, respectively.
Houses remained more popular than units, and the average time for houses on market shortened slightly last week, with Canberra, Melbourne and Sydney performing best at 26 days, 28 days and 29 days, respectively.
Perth and Darwin performed the worst at 84 days and 91 days each.