Sydney values drop 4.5 percent over financial year: CoreLogic
Joel RobinsonDecember 7, 2020
Sydney's dwelling values dropped 4.5 percent over the last financial year, according to CoreLogic's June Home Value Index.
The declines were topped by Darwin, which saw a 7.7 percent decrease.
The rest of New South Wales continued to show strength, with dwelling values increasing 3.2 percent.
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The hardest hit areas in Sydney have been Ryde, the Inner West and the Baulkham Hills areas, which have all seen their values decline over seven percent.
Nine of the ten worst performing capital city SA4 regions came from the surrounding areas of Sydney.
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Joel Robinson
Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.