Sydney Property Prices have risen 87% since GFC
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Sydney Property Prices have risen 87% since GFC

Sydney Property Prices have risen 87% since GFC

Sydney’s property market has become the best global recovery of any city in the country values growing 87.9% on average. Research conducted by Corelogic’s Tim Lawless revealed most capital cities had modest growth in home values over the last 7.5yrs but Sydney & Melbourne surged ahead.

According to the report 2007/2008 financial crisis hit Australia’s housing market hard with an average -6.1% drop in values.  Thankfully aggressive interest rates cuts and the FHOG have helped property prices recover.

The full report is available at  http://blog.corelogic.com.au/2015/10/7-signs-that-the-housing-market-may-be-peaking/http://blog.corelogic.com.au/2015/10/7-signs-that-the-housing-market-may-be-peaking/http://blog.corelogic.com.au/2015/10/7-signs-that-the-housing-market-may-be-peaking/http://blog.corelogic.com.au/2015/10/7-signs-that-the-housing-market-may-be-peaking/