Sydney has once again recorded one of the largest rises in housing values over the month, but it’s also the city that has recorded the sharpest reduction in the pace of capital gains from earlier highs.
The monthly rate of growth is down from a recent high of 3.7% in March to 2.0% in July.
Sydney is the most expensive capital city by some margin and it’s also been the city where values have risen the most over the first seven months of the year.
Worsening affordability is likely a key contributing factor in the slowdown here, along with the negative impact on consumer sentiment as the city moves through an extended lockdown period.
Sydney house values are now up 23% over the past twelve months, while unit values are up less than half that rate.
With a 7.6% rise in values over the year.
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