Sydney Housing Market Update [Video] | March 2018

Sydney`s housing market moved through its seventh month of decline.

Core Logic has released their newest housing market update for March 2018.

House values down 0.8% over the month while unit values held firm.

The latest fall takes the cumulative decline to 4.8% for houses while unot values are 16% below their recent peak.

Although dwelling values are still falling, the rate of decline eased up a bit February, improving from a 0.9% drop in December and January, to a decline of 0.6% in February.

The weaker housing market conditions are primarily due to tigher credit regulations as well as affordability constraints, however a rush of first home buyer activity as well as ongoing strong population growth, low unemployment and solid jobs growth are helping to support a floor under housing prices.

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About

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au


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