Sydney’s housing market has risen through the growth tables to once again become one of Australia’s strongest housing markets.
Dwelling values were up to 3% in May, while the growth rate over the past three months reached 9.3% — that’s the fastest growth rate over a three-month period since 1988.
The rate of growth remains higher for houses compared with units, with house values up 11% over the rolling quarter while unit values were 5.3% higher.
Similarly, we are seeing growth conditions skewed towards the more expensive end of Sydney’s housing market, with the upper quartile recording a 12% lift in value over the past three months compared with a 5.2% increase across the lower quartile.
You may also want to read:
National Housing Market Update [Video]
Perth Housing Market Update [Video]
Adelaide Housing Market Update [Video]
from Property UpdateProperty Update https://propertyupdate.com.au/sydney-housing-market-update-video/
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