Of the mainland state capitals, prices in Melbourne grew by 7.7% over the year, outpacing gains of 2.4% and 2.1% in Adelaide and Brisbane respectively.
Perth, as has been the case for some time now, saw prices drop by 2.7% over the year.
Reflecting recent price movements across the capitals, the amount of housing stock up for sale continued to increase, rising by 1.1% to 100,659 from the same week a year earlier.
In Sydney, there were 23,365 residential properties up for sale, up 21.3% on one year earlier. In Melbourne and Canberra, where price growth is also slowing, total stock up for sale increased by a smaller 2.2% and 7.4% respectively.
Outside of the southeastern mainland capitals, the amount of stock up for sale decreased in all other cities, led by a sizeable decline in Hobart which fell by 38.4%.
Sydney, Australia’s largest and most expensive housing market where prices are now going backwards, it took an average of 42 days to sell, up sharply from 34 days in December 2016.
While not to the same degree, the average Melbourne sale time also lengthened, rising to 33 days from 29 days 12 months earlier.
The increase suggests these once-hot markets have cooled over the past year, significantly in the case of Sydney.
CoreLogic said it was reasonable to expect that the number of days it takes to sell a property nationally will trend higher over the year, especially in the southeastern capitals.