Sydney Housing Market Update [video] | August 2019

In Sydney, housing values ticked slightly higher for the second consecutive month, providing further confirmation that the market has commenced what is likely to be a gradual recovery after values fell almost 15% from their July 2017 peak.

CoreLogic has released their newest housing market update for August 2019.

The unit sector is showing a slightly stronger performance relative to houses, with values declining less during the down phase and slightly leading the charge as the market stabilises.

The better performance of units amidst a surge of new apartment supply may seem surprising, however, most of the new unit stock was sold several years ago when conditions were quite different.

There is a strong chance we could see some dampening of price growth across the high-rise unit sector as resales of new stock start to pick up.

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Tim Lawless

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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