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Sydney Residential

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Research Insight

After entering a stabilization phase in 2012, Sydney Prestige1 (top 5% of market) residential prices begun to show early signs of recovery in the first half of 2013. Annual price growth has rebounded 7.9% over the year to the end of June 2013, following negative 0.9% growth in the 2012 CY.

The main contributors to the improved performance in 2013 at the top end include a pick-up in confidence on the back of lower interest rates, more liquid debt markets, and a strong rebound in the share-market (notwithstanding recent correction), which has underpinned improvement in volumes. Vendor discounting has also lessened as confidence has returned, supporting prices. Nevertheless, buyers remain price and product sensitive.

Source : Knight Frank

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Keywords : Knight Frank

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