ABC News are reporting a noticeable decrease in homes sales, and a small decrease in home values.
Home values in the city dropped 0.4 per cent in 2012 after a 1 per cent drop over the previous 12 months.
The average rent for houses dipped slightly, while the average rent for units rose by an $7 for the year.
On average it took 52 days to sell a house in 2012, up from 40 days the previous year.
The time to sell a unit rose from 35 days to 68 days.
RP Data’s Tim Lawless says the property market is unlikely to improve until after the Federal Election.
Here’s hoping value continues to drop. At this rate I may be able to afford a house by the time I’m 50.