In August, values increased by 0.3%, adding around $3,800 to the median dwelling value in Sydney. This is the 19th consecutive month that the market has grown at a healthy rate.

A cyclical peak was reached in May of last year, when values were increasing at a monthly pace of 2.1%, but since then, the growth speed has slowed significantly.

According to estimations, purchase activity has fallen to its lowest level since 2018, and along with the downturn in growth conditions, advertised supply levels are beginning to climb.

Price Graph & Dwelling Values of Sydney Houses

Source: CoreLogic

Source: CoreLogic

In addition, we’re witnessing what may be the beginning of a rental market slump, as Sydney’s rental index fell 0.3% in August for the second consecutive month.