Weekly house prices steady, figures show

Home prices in the nation's five top capital cities were steady in the week to May 20 compared to the prior week, CoreLogic data show.

Australia's five major capital cities have recorded no weekly change in house prices for a second consecutive week.

The latest CoreLogic property figures show 2,089 homes were taken to auction in the week to May 20 with a clearance rate of 60.3 per cent, better than the prior week which had more auctions but the lowest clearance rate since December 2015.

Melbourne's prices slipped 0.2 per cent, while Adelaide's rose 0.1 per cent and home values in Sydney, Brisbane and Perth were unchanged compared to the prior week to keep the national average capital city price movement flat.

In the year to date, house prices have fallen 1.3 per cent across Sydney, Melbourne, Brisbane, Adelaide and Perth.


Share
1 min read

Published

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world