capital cities: While the national property market remains balanced between buyers and sellers, there was a slight shift towards buyers between February and April 2015, with marked variations in market conditions across the states, territories and capital cities, according to Nine News Australia. The most favourable conditions for buyers among the state capitals are in Brisbane, Hobart and Darwin, while Perth and Canberra remain balanced between buyers and sellers. The Commonwealth Bank Core Logic Home Buyers Index report shows property market conditions across Australia have shifted slightly in favour of buyers, with Brisbane, Hobart and Darwin presenting the best opportunities. Queensland, Western Australia, Tasmania and Northern Territory offer the best conditions for buyers at a state and territory level, with all other states and territories showing balanced conditions, the report said."Overall, the best buyers markets lie outside the capital cities, in regions linked to the mining sector, with Queensland and Western Australia particular standouts," Core Logic senior research analyst Cameron Kusher said in a statement. Across state capitals, one of the most significant shifts was in Adelaide, which has gone from balanced market conditions to favouring sellers, with mortgage applications rising in the city and housing stock remaining steady. He said those regions have high supply coupled with low demand because of the slowdown in the resources sector."Whilst they may be good for buyers, their immediate prospects are generally weak," Mr Kusher said.
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