Australian Home Values April 2019

Home values stabilised a little last week, falling marginally in three capital cities and holding steady in two, according to the latest CoreLogic data.

Combined, the daily home value index fell by 0.1 of a percentage point in the week ending 31 March.

Value fell by 0.1 of a percentage point in Sydney and Brisbane, and 0.2 of a percentage point in Melbourne, and remained even in Adelaide and Perth, CoreLogic’s Property Market Indicator data showed.

The monthly index was down by 0.6 of a percentage point for the week. It fell by 8.6 per cent for the year. Sydney, Melbourne and Perth were the main drivers at 10.9 per cent, 9.8 per cent and 7.7 per cent.

Listings dropped across some capital cities for the week, and lifted in others. In Darwin, they were up by 13.6 per cent, and in Canberra, they rose by 21.1 per cent. Sydney fell by 10 per cent and Melbourne was down by 4.6 per cent.

Houses remained more popular than units, and the average time for houses on market continued to remain high in most capital cities. Hobart faired best at 35 days, closely followed by Melbourne at 39 days, and only Perth remained in the 90 days-plus zone at 90 days exactly.

For units, Hobart was at 29 days, with Melbourne not far behind at 36 days. Perth remained slow at 110 days.

Vendor discounting was between 5.3 per cent and 7.6 per cent for houses across most capital cities, and between 6.2 per cent and 7.7 per cent for units.

Canberra was the low-end exception for both houses and units, at 3.3 per cent for both.

Darwin was the high-end exception for houses at 15.6 per cent, while Perth was the high-end exception for units at 8.6 per cent.

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Removing the Hassle from Sales and Rentals across South East Queensland. Aim to Empower other like minded Property Investors. L J Gilland Real Estate is a prestigious boutique agency specializing in Property Investment Management Services and the Sales of Investment Properties with tenants in place. Comprised of a top performing group of handpicked specialists, our Agents proudly serve Property Investors in Queensland. Since 1996 our Agency has demonstrated a genuine enjoyment of working with people, developing long-term relationships and delivering on the promise of great service. Carlos and Linda Debello offer property investor's the confidence to sell and lease in any market. We provide comprehensive market appraisals, exclusive multimedia marketing campaigns, and knowledgeable, highly personalized counsel on all aspects of real estate. Our Property Management Team is equally considerate, offering investors with in-depth advise, well-researched rental valuations, and highly professional rental management services. http://goanimate.com/movie/0M4bvcZzgIbI?utm_source=linkshare&uid=0u6RGtWsmlVc Carlos’ direct mobiles are 0400 833 800 & 0413560808. Linda’s mobiles are 0409995578 & 0414978700 (prefer email contact for Linda). Office 07 3263 6085. http://www.ljgrealestate.com.au http://www.yellowpages.com.au/qld/aspley/lj-gilland-real-estate-pty-ltd-14091356-listing.html http://au.linkedin.com/in/lindajanedebello http://twitter.com/GillandDebello http://www.facebook.com/pages/ljgrealestate
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