Home prices fell in most of Australia's major capital cities in the past week except in Adelaide, while auction clearance rates improved slightly.
Adelaide's home prices rose 0.3 per cent in the week ending July 30, while prices fell 0.3 per cent in Sydney, 0.1 per cent in Melbourne, 0.7 per cent in Brisbane and 0.2 per cent in Perth, data from property statistics firm CoreLogic shows.
The average auction clearance rate across the five cities during the week was 70.7 per cent, up slightly from the prior week's 69.9 per cent clearance rate.
In the year to July 30, Melbourne's house prices are up nine per cent and Sydney's are up 7.3 per cent with the median for each city being $670,000 and $900,000, respectively.
In Adelaide, house prices are up 2.6 per cent in the year to date with a median of $429,750, Brisbane is slightly higher at 0.7 per cent with a median of $530,000, while Perth's values are down 2.3 per cent with a median of $490,000.
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