A Sydney-centric housing boom

While investors prop up Sydney housing, growth in other cities is much lower. And it's not because of first home buyers or slow income growth.

Has the recent dwelling price ‘boom’ extended beyond Sydney? Not really.

Based on daily data from RP Data, dwelling price growth slowed in November and is 0.3 per cent above its level in October (as of 24 November). Prices in Melbourne are down by 1.3 per cent in November to date, while prices in Sydney are up 0.9 per cent – much slower than in recent months but still 11 per cent higher on an annualised basis.

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Callam Pickering

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