Sydney’s home values to hit new highs within weeks
Sydney’s home values have fully recovered from the downturn after gaining 0.6 per cent in May, the fastest pace of growth in three months, as a persistent supply shortfall outweighs the drag of higher interest rates, data from CoreLogic shows.
The city’s median dwelling value is on track to hit new highs in the coming weeks after bouncing back to $1,156,020, which matches the record set in January 2022. Since bottoming out in January last year, prices have increased by 14.1 per cent.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Residential
Fetching latest articles