Capital city dwelling values fell over the first quarter of 2018 while regional values recorded an acceleration in growth.
Premium dwelling values are showing more substantial falls in value than properties at the more affordable end of spectrum.
Sydney dwelling values have fallen by -1.7% over the first quarter of 2018 and they are -2.1% lower over the past year.
In Melbourne, dwelling values have fallen by -0.5% over the three months to March 2018. Over the past year, dwelling values are 5.3% higher.
Dwelling values in Adelaide fell by -0.4% over the three months
to March 2018 however, they are 1.7% higher over the past year.
Annual rental growth has eased across the capital cities, while regional rents rise by 3.1% over the past twelve months.
Despite the seasonal spike, dwellings are generally taking longer to sell than they were a year ago.
Mortgage rates remain around historic lows for owner occupiers but have edged higher for investors.