Sydney home prices were flat in September, rising by a barely perceptible 0.01% according to the PropTrack Home Price Index for September 2024.^
Price growth slowed as buyers in Sydney enjoyed more options, yet prices remain at peak levels, up 3.96% year-to-date, and 4.98% above September 2023 levels. The city’s median home value is currently $1,103,000.
The increase in properties hitting the market this year has been met with strong demand; however, coupled with affordability constraints and high interest rates, is also contributing to slowing price growth.
Across regional NSW, home values climbed 0.12%, bringing the annual growth rate to 3.32%. The median regional home value is now $722,000.
^https://www.proptrack.com.au/home-price-index/