DARWIN was the only capital city in Australia to experience an increase in home values in August, according to a new report.
Corelogic’s Hedonic Home Value Index revealed Darwin values increase by 1 per cent, followed by Canberra by 0.5 per cent and Hobart at 0.1 per cent.
Melbourne had the biggest decline by 1.2 per cent. Sydney values declined by 0.5 per cent, and Brisbane by 0.1 per cent.
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Darwin house values increased by 1.1 per cent to a median value of $476,143, a 4.5 per cent increase in the year to date.
Unit values rose by 0.7 per cent to a median value of $277,551, however declined by 4.6 per cent in the year to date.
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Darwin’s rental yields also remained the strongest in the country, with houses at 5.4 per cent and units at 6.8 per cent.
raphaella.saroukos@news.com.au
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