Sydney Housing Market Update [video] | July 2019

Sydney dwelling values recorded a small but positive movement in June, rising 0.1% over the month, taking the annual rate of decline back below 10%.

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

While the monthly rise in values was small, the switch to a positive reading is a significant milestone for the Sydney market, after values have been consistently falling since the market peaked in July 2017.

The unit market was the main driver of gains, up 0.3% while house values were flat over the month.

The more expensive properties, where values were previously falling the most rapidly, are showing the steepest trajectory of improvement.

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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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