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Home values steady but auctions lift

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April 16, 2018

Capital citiy home prices were steady last week, with an auction clearance rate of 64.6 per cent.

Australia's five major capital cities have recorded no weekly change in their combined home values, despite an improvement in the auction clearance rate.

However, CoreLogic data shows home values for the capital cities were down 1.1 per cent in the year to date and up only slightly compared to a year ago.

As for auctions, the number of homes that went under the hammer in the week ending April 15 were 1,890, similar to a year ago, while the clearance rate improved by 1.7 per cent to 64.5 per cent.

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