House and unit values rise in Wide Bay: CoreLogic

Across the Wide Bay region, overall sales are 2% lower year-on-year with 97 fewer sales transacting when compared to February 2018, according to the latest CoreLogic Regional Report.

CoreLogic suggests that Wide Bay was the only Queensland region where both house and unit values increased over the 12 months to March 2019.

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Source: CoreLogic

Its house values increased by 0.7% over the 12 months to March 2019, while unit values are up 3.8% over the same period.

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Source: CoreLogic

The average time it takes to secure a sale for homes across the region has improved year-on-year, with the average house selling five days faster, and the average unit selling two days faster over the 12 months to February 2019.

The average vendor discounting levels are similar year-on-year for houses, while for units, the average discount offered to secure a sale has reduced from -7.7% to -6.3% when compared to February 2018.

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Source: CoreLogic