Each of Australia’s state capitals saw house values decrease during April, according to recently released figures from Residex.
The biggest loser was Hobart, with a 2.2% monthly drop in its median house value, followed by Brisbane (-1.13%), Perth (-0.82%), Canberra (-0.77%), Adelaide (-0.68%), Sydney (-0.32%), Darwin (-0.25%) and Melbourne (-0.2%).
In fact, of the categories specified by Residex, the only regions to see positive house price growth for the month were SA country and VIC country, with growth figures of 1.66% and 1.81% respectively.
Units fared slightly better, with six out of eight state capitals seeing at least modest median value growth last month.
The Canberra unit market was the clear winner with a growth figure of 2.54%, followed by more modest gains in Hobart (0.89%), Sydney (0.68%), Brisbane (0.62%), Adelaide (0.24%) and Melbourne (0.06%).
The Perth and Darwin unit markets saw decreases of 0.94% and 1.7% respectively, while the big regional winners on the unit front were TAS country and VIC country with monthly rises of 1.88% and 1.56%.
Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker
Top Suburbs :
Get help financing your investment
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local expert Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus, our mortgage broking service is at no cost to you.
We value your privacy and treat all your information seriously - you can check out