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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