Sydney Housing Market Update [video] | October 2020

Sydney home values were down for a fifth consecutive month, however, the rate of decline has been reducing since values fell nine-tenths of a percent in July.

The September result was down 0.3% which was the smallest drop in values since the pandemic induced downturn commenced.

Since March, Sydney housing values have dropped by only 2.4%, demonstrating some resilience in the face of uncertainty.

Based on the current trend, we may see the Sydney housing market stabilize or even move into positive growth territory over the coming months.

Rental markets haven’t been as resilient, with Sydney rents down 2.8% since March, with most of the downwards pressure coming from the unit sector.

Since March unit rents have dropped by 5% compared with a 1.3% decline in house rents.

Sydney1Sydney2

You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Adelaide Housing Market Update [Video]

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] | October 2020' 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Your email address will not be published.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

*


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts