Sydney annual growth rate highest since 2002: CoreLogic RP Data
Jonathan ChancellorAugust 16, 2015
Sydney's annual growth rate sits at 18.4% for the year to July, the highest on record since 2002, according to CoreLogic RP Data's head of research Tim Lawless.
In the Sydney Housing Market video for August he said one factor contributing to the higher value is a short supply of homes for sale, adding currently listings in Sydney are down on average.
"In Sydney we are currently tracking approximately 18,150 advertised property listings, which is historically well below average, he said.
"To provide some context, in late 2011 when market conditions were relatively soft there were slightly more than 40,000 homes available for sale across the Sydney market."
Click here to see the video.
Jonathan Chancellor
Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.
