Sydney Housing Market Update [video] | September 2018

Sydney dwelling values have been falling since July last year and are now down a cumulative 5.6%.

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

Despite the fall, the vast majority of home owners remain in a strong equity position, considering residental property values remain 49% higher than they were five years ago and 83% higher relative to ten years ago.

As the market slows, advertised stock levels have shown a substantial rise and are now tracking almost 23% higher than a year ago.

Such high stock levels has removed the urgency from the market and given buyers a lot more leverage at the negotiation table.

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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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