The median price of homes in the country fell by 7.2% from April, with capitals registering a larger decline of 8.4% in average weighted terms. CoreLogic data, however, showed that declines were massive in some markets, while on others, prices did not fall at all.
The largest declines in capital values ​​occurred in Sydney and Melbourne – which recorded more than 10% falls – and in Perth and Darwin, which showed weakness.
On the other hand, Hobart, with some suburbs of Canberra, tops the list of capitals with the strongest price growth of the year. The five best-performing regions of the two cities registered an increase of 7.9% compared to 12 months earlier.
Real estate prices in the Tasmanian capital have withstood the downtrend. Three of the five worst-performing regions of the city recorded higher prices during the year.
"While prices in some of the smaller capitals of the south had exploded, three of the five best-performing regions in Sydney and Melbourne and four out of five in Perth and Darwin have seen a drop in prices relative to Previous year, "said Business Insider. Australia.
Source: CoreLogic
Source: CoreLogic
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