National residential property listings rose 3.7% in the month of March, coinciding with a rise in home values for every capital city in the March Quarter. Data from SQM Research shows during March, the biggest rise in listings came out of Darwin (16%), Canberra (1%) and Sydney (11%).
Brisbane and Adelaide both recorded a 4% rise; Perth was up 9%; while Hobart had the smallest increase of 2%.
?Capital city prices increased by 0.7% for houses and increased 0.6% for units, over the month to 31st March 2020, says SQM.
Month-on-month, the CoreLogic RP Data Daily Home Value Index shows prices in every capital city except Hobart rose, with the 5-capital city aggregate (comprising Melbourne, Sydney, Brisbane, Adelaide and Perth) being up 0.74%.
House prices in all the capital cities except Darwin and Perth remain higher than a year ago – Sydney (up 14%), Melbourne (up 13%), Canberra (up 6%), Hobart (up 5%), Brisbane including the Gold Coast (up 4%) and Adelaide (up 1%).
