Sydney Housing Market Update [video] | May 2019

Focusing on the Sydney market, dwelling values were down by 0.7% over the month.

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

Although the month to month falls remain substantial, this was the smallest decline in six months, continuing a trend that has seen the rate of decline improving since the beginning of 2019.

Since peaking, Sydney values have reduced by almost 15%, providing a substantial improvement to housing affordability and pushing rental yields higher.

Listing numbers across the Sydney market remain high, providing buyers with a wide range of choice and strong negotiation position.

Vendors, on the other hand, continue to face a challenging selling environment which has led to a substantial reduction in new listings being added to the market.

A0

A3

You may also want to read:

NATIONAL HOUSING MARKET UPDATE [VIDEO] | MAY 2019

PERTH HOUSING MARKET UPDATE [VIDEO] | MAY 2019

ADELAIDE HOUSING MARKET UPDATE [VIDEO] | MAY 2019

MELBOURNE HOUSING MARKET UPDATE [VIDEO] | MAY 2019

wealth-retreat_hor
icon-podcast-large

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.

icon-email-large

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.


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


'Sydney Housing Market Update [video] | May 2019' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*


facebook
twitter
email