Sydney property values have risen by a 0.5 per cent margin for the month of January, in comparison to December’s performance tipping on the lower scale of the spectrum.
A widely known data provider, CoreLogic has released the monthly figures revealing that prices in Sydney performed well, as scope of growth was achieved in this month’s release. Many economists continue to speculate that prices in NSW are set to rise.
There is no doubt that Sydney has led the property market for the past three years, a more steady environment will emerge however it’s unlikely that prices will decline in the near future.
Source: Australian Financial Review – Michael Bleby