According to the PropTrack Home Price Index for June 2024^, price growth in Sydney has slowed over the past quarter. Home prices lifted 0.41% in June, the slowest pace of monthly growth since December 2023.
The city’s home prices still hit a new peak in June, with Sydney’s median dwelling value currently at $1.107 million. It follows gains of 3.57% year-to-date, which have pushed housing values 6.39% above June 2023 levels and 12.38% above their November 2022 low.
The increase in properties hitting the market this year has been met with strong demand, driving further price growth. The pace of growth in the Sydney market has eased steadily since the end of the summer selling season as buyers enjoy more options.
In regional NSW, home values rose 0.08% in June 2024, taking the annual gains to 4.47%. The median dwelling value outside of Sydney is $729,000.
^https://www.proptrack.com.au/home-price-index/
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