Sydney housing values were 0.6% higher in January, up from the 0.3% rise recorded in December, making January the third month in a row where housing values have increased by less than 1% month on month.



A softening in the growth trend has been evident since April last year and can probably be attributed to a range of factors including thinly stretched affordability, a gradual rebalancing of advertised stock levels, and rising fixed-term mortgage rates.

Syd01

Houses are still recording a faster growth trend relative to units, although the performance gap has narrowed somewhat over the past six months.

Syd02

The slowing in value appreciation is being led by the more expensive end of the market, where at the peak of the growth cycle housing values were rising at 12.0% per quarter which has slowed to a more sustainable 1.7% over the three months ending January.

You may also want to read:

National Housing Market Update [Video] 

Perth Housing Market Update [Video]

Adelaide Housing Market Update [Video]

Brisbane Housing Market Update [Video]

Melbourne Housing Market Update [Video]

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About Tim Lawless

Tim heads up the Core Logic RP Data research and analytics team, analysing real estate markets, demographics and economic trends across Australia. Visit www.corelogic.com.au





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