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Sydney dwelling values have increased by 2.0% over the first quarter
of 2016 to take values 7.4% higher over the year. Annual value
growth in Sydney is now at its lowest level since August 2013, with
growth having slowed sharply from its recent peak of 18.4% in July
2015. Over the past year, house values have increased by 7.5%; a
slightly greater increase than the 7.3% rise in unit values.
Rents have increased by 0.8% for houses and by 3.4% over the past
year in Sydney. Interestingly, rental growth for units is higher than a
year ago while house rental growth is significantly lower. Rental yields
have fallen over the year after having been recorded at 3.4% for
houses and 4.3% for units a year ago. They are currently recorded at
3.2% for houses and 4.2% for units.
NEW SOUTH WALES
Growth continues but at lower levels
Sydney’s performance over time
Sydney’s best performers
Sydney Median Price
Houses
Units
Dwellings
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
MAR-05
SEP-06
MAR-06
SEP-07
MAR-07
SEP-07
MAR-08
SEP-09
MAR-09
SEP-10
MAR-10
SEP-11
MAR-11
SEP-12
MAR-12
SEP-13
MAR-13
SEP-14
MAR-14
SEP-15
MAR-15
Houses
Units
Median Price*
$805,000
$645,000
Quarterly change
2.3%
0.5%
12 months change
7.5%
7.3%
5 year total change
43.9%
35.2%
10 year total change
78.5%
69.8%
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price)
Affordable
= suburbs below 25th percentile
Mid–range
= suburbs between 25th and 75th percentile
Prestige
= suburbs above 75th percentile
Rank
Suburb
$
Affordable
1
LAKE MUNMORAH
$385,000
107 12.2%
2
MANNERING PARK
$390,500
80 14.9%
3
BLUE HAVEN
$400,000
175 9.0%
$$
Mid–range
1
BELMORE
$1,075,000
96 22.2%
2
BAULKHAM HILLS
$1,080,000
445 21.2%
3
HORNSBY
$1,105,250
146 20.1%
$$$
Prestige
1
DOVER HEIGHTS
$3,500,025
51 30.8%
2
BRONTE
$2,923,750
98 29.2%
3
TAMARAMA
$3,580,000
17 25.6%
Rank
Suburb
$
Affordable
1
GOROKAN
$300,000
40 22.4%
2
KATOOMBA
$326,000
29 21.0%
3
AMBARVALE
$326,500
32 17.7%
$$
Mid–range
1
RUSHCUTTERS BAY
$742,500
87 44.2%
2
ELIZABETH BAY
$755,000
166 25.8%
3
NORTH ROCKS
$765,000
14 20.5%
$$$
Prestige
1
CABARITA
$1,410,000
18 37.6%
2
THE ROCKS
$1,317,500
47 33.2%
3
CREMORNE POINT
$1,280,000
39 32.6%
Based on CoreLogic monthly indices capital city data to March 31, 2016
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