Sydney housing values were up 1.7% in October, marking the fifth straight month where values have risen.
CoreLogic has released their newest housing market update for November 2019.
Since bottoming out in May, Sydney home values have recovered 5.3% of the 14.9% correction.
Despite the rise, Sydney dwelling values are tracking around the same level as they were three years ago.
Higher value properties are leading Sydney’s recovery trend, with the top quartile up by 5.9% over the past three months while the lower quartile is up a smaller 3.2%.
Although housing values are rising, rents are continuing to fall, down 0.1% in October to be 1.8% lower over the year.
The weak rental market conditions together with rising values is once again causing Sydney’s rental yields to compress.
You may also want to read:
National Housing Market Update [Video]
Perth Housing Market Update [Video]
Adelaide Housing Market Update [Video]
Melbourne Housing Market Update [Video]
from Property UpdateProperty Update https://propertyupdate.com.au/sydney-housing-market-update-video/
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