PHOTO: Hobart

For the first time in eight months, Hobart saw its house prices decline, according to CoreLogic’s Home Value Index for April.

It was a sharp turn as well.

The Tasmanian capital’s house prices dropped -1.2 percent over the month of April, the biggest decline across all capitals.

The dwelling value decline was offset by the performance of the apartment market, which saw a 0.3 percent increase.

Hobart’s last house price decline was over August last year when they saw a modest -0.2% decline.

Dwelling values across the eight capitals combined dropped a further 0.5% to be down -7.2% over the last 12 months and -7.9% lower since peaking in September 2017.