Houses prices slide

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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%.

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