Monday, 16th Apr

Home values steady but auctions lift

Perth has shown a slight increase in home prices on a monthly basis, while most other capital cities' values have fallen.

Western Australia's capital reported a 0.3 per cent lift in home values last week compared to a month ago, however, compared to a year ago, they were down 2.3 per cent.

Sydney's prices were down 0.2 per cent on a monthly basis and down 2.9 per cent on a yearly basis, according to the latest data by property analytics group CoreLogic.

Adelaide was the only other capital city that saw price rises over the past four weeks with a 0.1 per cent lift and a 1.4 per cent rise compared to a year ago, while Melbourne and Brisbane reported monthly falls of 0.3 per cent and 0.1 per cent, respectively and rises of 4.7 per cent and 1.1 per cent on an annual basis.

Meanwhile, the capital cities' combined auction clearance rate of 64.6 per cent for the March quarter was slightly higher than the December quarter's 62.3 per cent clearance rate.


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