Sydney posted its first monthly gain in housing values after five months of consistent falls.

You can also check out the local reports for Brisbane and Melbourne.

The October result was only slightly positive, up by 0.1% over the month, with house values driving the gains, rising half a pervent.

Meanwhile, unit values continued to fall, down half a percent.

Through the COVID period downturn, Sydney home values from a peak-to-trough perspective were down just -2.9%, but values are still 5% lower than their mid-2017 peak.

This is a stark reminder of the two year downturn Sydney’s housing market experienced prior to mid-2019.

Home sales are up 18% over the rolling quarter and roughly level with the same time a year ago based on the three month trend in settled sales estimates.

Kate Forbes
About Kate Forbes
Kate Forbes is a National Director Property Strategy at Metropole. She has 15 years of investment experience in financial markets in two continents, is qualified in multiple disciplines and is also a chartered financial analyst (CFA).

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