Sydney housing values edged 0.3% higher in February.
The rise was a little stronger for houses up 0.3% than units at 0.2% and was also more noticeable across the upper quartile of the market where values rose by a larger 0.4% in February compared with just a 0.1% rise across lower quartile values.
The lift in housing values was accompanied by an improvement in auction clearance rates rising to the mid 60% range.
Prior to February, clearance rates were tracking in the mid to low 50% range.
Buyers still have more choice than normal with advertised stock levels tracking 7.6% above the five year average.
Sydney house prices graph
Source: CoreLogic
You may also want to read: National Housing Market Update