Just two Australia state capitals saw increases in both house and unit sales last year, according to data published yesterday.
Leading the way, according to the data from CoreLogic RP Data, was Adelaide where the number of house sales grew 6.9 percent to 20,418. The number of unit sales grew by 6,498 to 5.7 percent.
Melbourne, popular with Asian buyers, was the only other city that posted growth in both categories, with house sales up 5.1 percent to 61,613 and unit sales up 1 percent to 27,872.
Elsewhere Darwin house sales fell 4.8 percent while unit sales jumped 24.2 percent at the same time. Hobart saw an 8 percent rise in house sales but a 1 percent decline in unit sales.
Brisbane house sales increased 8.9 percent, with unit sales down by 2.6 percent. In Sydney, another popular investment destination for buyers and investors from Southeast Asia, house rose 3.4 percent to 60,396, while at the same time unit sales fell 13.8 percent to 38,881.
Witnessing declines in both categories, Canberra saw house sales fall 2.7 percent and unit sales decline by 14.5 percent. The city of Perth was the worst performer, with house volumes down 9.4 percent and unit volumes down 16.1 percent.
CoreLogic RP Data said in a statement that although house sales were generally higher in 2014 than in the previous year, most capitals experienced an easing in transactions over the second half of 2014.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
