Sydney market is back
CoreLogic reported its May house price index figures here.
Sydney dwelling values jumped by 3.1 per cent in May to be 6.6 per cent higher over the quarter, and 13.1 per cent higher over the year.
Brisbane prices were also up by a very solid 7.1 per cent over the year to May.
Sydney unit prices have outperformed over the past year in rising by 15.5 per cent, while houses in the harbour city have recorded 12.5 per cent price growth.
In truth the Sydney market in some outer areas is somewhat patchy.
Yet in some of our favourite suburbs for buying over the years including Bondi Junction, Vaucluse and Wollstonecraft unit auction clearance rates recorded perfect 100 per cent results in the month of May. Happy clients.
Since the end of 2008 Sydney prices have increased by 86 per cent, as compared to, say, 16 per cent in Adelaide and just 4.5 per cent in Hobart.