Why it matters: Sydney house prices is on track to hit 10 pc this year despite rising stock.
Risk of double-dip downturn drops as recovery firms up.
House prices in Melbourne, Brisbane and Canberra also accelerated over the month.
Majority of fixed mortgage holders resetting to variable loans may not be prepared for their increased mortgage repayments.
Sydney house prices resumed rising at a faster clip in August, increasing 1.1 per cent over the month, and defying any expectations of a double-dip downturn in values, data from CoreLogic shows.
Home values also re-accelerated in Melbourne, Brisbane and Canberra, but slowed in Perth and Hobart.
