Sydney housing values continue to rise at a faster pace than the capital city average, with the market up 1.9% in September.
The latest results take annual growth in Sydney home values to nearly 24% which was the highest annual gain since 1989.
Although the annual growth rate is yet to peak, the monthly rate of increase has been easing since moving through a cyclical high point of 3.7% in March.
Across the sub-regions of Sydney, the Northern Beaches and Central Coast stand out as the strongest markets with housing values up 37% and 32% respectively over the year.
The softest markets have been in Parramatta along with the city and Inner South region where housing values are 16% higher.
Listings activity is starting to rise across Sydney, with the number of new listings now tracking 6% higher than the five-year average for this time of the year.
Higher stock levels could be another factor working to dampen the rate of growth.
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from Property UpdateProperty Update https://propertyupdate.com.au/sydney-housing-market-update-video/
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