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Sydney Home Values Surpass Their Previous Peak

home valuesIn his latest article, Cameron Kusher, senior research analyst at RP Data, states that home values of mid-range suburbs across Australia’s capital cities have increased this year.

In Sydney, housing prices for both the mid-priced and the most affordable segment have risen above their previous peak this year. On the other hand, home values of the most expensive suburbs are decreasing.

Home values have risen above their previous peak by 2.8% across the most affordable Sydney suburbs and by 2.4% in the middle priced suburbs.  The most expensive Sydney suburbs have been noticeably weaker by losing about 3.9% compared to their previous peak.

You can read the full article here.