- Sydney home prices have fallen 4.2% over the past 12 months.
- New data from CoreLogic shows the scale of declines has not been uniform in nature.
- Prices for homes have fallen more than units, on average.
Sydney home prices have fallen 4.2% over the past 12 months, partially reversing strong gains seen in prior years.
However, as seen in this excellent chart from CoreLogic, that city-wide fall has not been uniform in nature. It was posted by Cameron Kusher, Research Analyst at CoreLogic, on Twitter today.
It shows price movements by location and property type from the recent cyclical peak in the middle of last year.
In most regions, prices for homes have fallen more than units over this period.
This suggests that tighter lending standards and ongoing affordability constraints are impacting the top end of Sydney’s market more than others.
You can follow Cameron on Twitter here.