Sydney Housing Market Update [Video] – July 2016

Sydney finished the month as the Best performing capital city with an increase of 6.8%, it also proved to have the second lowest rental yield units at 3.9%.

Once again Sydney was names the most expensive city with a median dwelling price of $780,000.

While the higher rates of capital gains in Sydney can be tied back to strong economic conditions, and high rates of population growth, the same cannot be said for Hobart where economic conditions and migration rates are gradually improving from a low base. 


Sydney home values have been rising for four years, and have increased by a cumulative 59% over this time frame.

Based on the CoreLogic Index results over the first six months of the year, capital city dwelling values have moved 5.5% higher during 2016, with the most substantial capital gains located in Sydney (8.9%).

Rental yields are generally low across all of the capital cities, however, Sydney is one of the only states where yields for both houses and units have dropped to new record lows.

Overall, the strong housing market conditions in Sydney is being reported in-line with high auction clearance rates and resilient levels of mortgage related activity and are also supported by a robust level of consumer confidence. Sydney property investment

Auction clearance rates have shown a noticeable improvement since December last year; Sydney clearance rates have been higher than 70% through most of 2016 to date, with the last two months seeing the success rate of Sydney auctions holding firm around the mid 70% range.

Some positive news for Sydney buyers is that there are  early signs that Sydney’s housing market may be starting to turn in favour of the buyer.

The typical Sydney home is now taking 40 days to sell compared with 26 days a year ago and discounting rates have risen from 5.5% a year ago to 5.6%.

You may also be interested in reading:

National Housing Market Update [Video] – July 2016


Subscribe & don’t miss a single episode of michael yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to michael yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Avatar for Property Update


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

'Sydney Housing Market Update [Video] – July 2016' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...