Sydney annual growth rate highest since 2002: CoreLogic RP Data

Sydney annual growth rate highest since 2002: CoreLogic RP Data
Sydney annual growth rate highest since 2002: CoreLogic RP Data

Sydney's annual growth rate sits at 18.4% for the year to July, the highest on record since 2002, according to CoreLogic RP Data's head of research Tim Lawless.

In the Sydney Housing Market video for August he said one factor contributing to the higher value is a short supply of homes for sale, adding currently listings in Sydney are down on average.

"In Sydney we are currently tracking approximately 18,150 advertised property listings, which is historically well below average, he said.

"To provide some context, in late 2011 when market conditions were relatively soft there were slightly more than 40,000 homes available for sale across the Sydney market."   

Click here to see the video.

Tags: 
Sydney Annual Growth

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?