Sydney April Property Report

The past twelve months to March have been good to Australian property values with every state capital increasing in price. Sydney has been the standout increasing by 14.1% for the past year. The capital city average is 10.6 % but Melbourne (11.6%) was the only other city greater. Sydney (4.4%) was one of only three cities to record a better than 4% growth for the past three months behind Melbourne (5.4%) and Hobart (4.7%) but above the average of 3.5%. Sydney is only one of four capital cities whose property values are still higher than its previous peak. Currently it …