"The first month of the New Year has seen a continuation in the broad-based housing market weakness with every capital city apart from Canberra recording a month-on-month fall in dwelling values. CoreLogic’s hedonic home value index recorded a further 1.0% decline in national dwelling values over the first month of the year, taking the cumulative decline in Australian dwelling values to 6.1% since the market peaked in October 2017. "

Dwelling values tracked lower across Australia's larger capital cities in the three months ending January 2019:

Sydney -4.5%
Melbourne -4.0%
Perth -2.7%
Darwin -2.8%
Brisbane -0.4%
Adelaide -0.1%
Hobart +1.0%
Canberra +0.8%

Watch Tim Lawless's full take on the latest property market movements below.

Tags: tim lawless, corelogic, housing market report, investment

Get a free property report in seconds

Search an address for price estimates and sales history.

Search a property

Check today's low rates

Apply online with Lendi and get approved faster.

View now

How much is your home worth?

Get a free online property valuation with local sale and suburb statistics.

Get your property report

Important legal stuff

COMPARISON RATE WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rates are based on a loan amount of $150,000 over a loan term of 25 years.

Lendi is the trading name of Lendi Pty Ltd, a related body corporate of your licensed credit assistance provider, Auscred Services Pty Ltd (ACN 164 638 171, Australian Credit Licence Number 442372). We will never sell your email address to any third party or send you nasty spam, promise.

EXAMPLE: This example is current as at 20th October 2016. A Click Loans Online Principal and Interest Loan of $150,000 over 25 years has monthly repayments of $767. This is calculated based on the interest rate of 3.69%, comparison rate of 3.69%, upfront fees of $0 and annual fees of $0.

IMPORTANT INFORMATION: Loan terms of between 1 Year and 40 Years are available subject to lender and credit criteria. Maximum comparison rate will not exceed 14.99% (see comparison rate warning above). Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria.

Lendi is a privately owned and operated Aussie business. Our mission is to provide Aussies with the right experience when choosing a home loan from our panel of major and non-bank lenders including Click Loans which is a wholly owned subsidiary of Auscred Pty Ltd and a related body corporate of Auscred Services, your credit assistance provider. Although Lendi compares over 1600 products from over 30 lenders, we don't cover the whole market or compare all features and there may be other features or options available to you. While Lendi is 40% owned by founders and employees, we have also been supported by some great minority shareholders including Bailador, Macquarie Bank Ltd and a number of Australian sophisticated investors. We have an independent and founder led board.

Watch: Adelaide's February 2019 property market news

Got your eye on a property down the street?

Get a free property report in seconds

Check today's low rates

How much is your home worth?

Still looking?

Important legal stuff