Sydney Residential Property Prices Drop 3.1% over the December Quarter
Since early 2010 the Sydney property market has been on a growth cycle. Most of the growth up until mid 2012 was around the CBD and inner suburbs.
After a slight drop in median price in mid 2012, the housing market has had phenomenal growth all over the Sydney basin. However, after three years of soaring property prices in Sydney, house prices have fallen by the largest quarterly drop on record.
Sydney’s median house price dropped 3.1 per cent over the December quarter 2015 according to the Domain House Price Report released last Thursday.
It’s what Lime property Solutions has been forecasting for the last 18 months so it shouldn’t come as any surprise to our clients.
The good news of course, is that the Brisbane house market is still moving upward from its slow growth start back in late 2013.
Read full article at: http://www.domain.com.au/news/sydney-house-prices-drop-3-per-cent-domain-group-20160127-gmd7pl/
~ Lime Property Solutions
