6 / 32
Dwelling values rose by 6.8% over the second quarter of 2016,
pushing Sydney home values 8.9% higher over the first half of 2016.
Dwelling values across Sydney were 11.3% higher over the 2015–16
financial year. Although values are still rising at a double–digit annual
pace, the rate of growth is much slower than the peak of 18.4% in
July 2015. Unlike most other capital cities, unit values in Sydney have
increased at a faster annual rate than houses with rises of 12.8%
and 11.0% respectively. While value rises remain strong, Sydney has
seen its weakest rental growth conditions for houses in at least 20
years with house rents –0.3% lower while unit rents have increased
by 2.8%. With dwelling value rises much greater than rental changes,
gross rental yields have reached new record lows of 3.0% for houses
and 3.9% for units. At the same time a year ago gross rental yields
were recorded at 3.3% for houses and 4.3% for units.
NEW SOUTH WALES
Double-digit growth continues in Sydney
Sydney’s performance over time
Sydney’s best performers
Sydney Median Price
Houses
Units
Dwellings
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
$900,000
$1,000,000
JUN-06
DEC-06
JUN-07
DEC-07
JUN-08
DEC-08
JUN-09
DEC-09
JUN-10
DEC-10
JUN-11
DEC-11
JUN-12
DEC-12
JUN-13
DEC-13
JUN-14
DEC-14
JUN-15
DEC-15
JUN-16
Houses
Units
Median Price*
$881,800
$680,000
Quarterly change
6.8%
6.7%
12 months change
11.0%
12.8%
5 year total change
57.2%
43.3%
10 year total change
90.3%
81.1%
Rolling Median Price (12 months)
Number sold (12 months)
12 month change in median price)
Affordable
= suburbs below 25th percentile
Mid–range
= suburbs between 25th and 75th percentile
Prestige
= suburbs above 75th percentile
Rank
Suburb
$
Affordable
1
HALEKULANI
$415,000
52 21.0%
2
LAKE MUNMORAH
$410,000
109 19.1%
3
CHAIN VALLEY BAY
$412,500
45 17.5%
$$
Mid–range
1
SOMERSBY
$1,020,000
13 25.3%
2
MACQUARIE LINKS
$1,000,000
17 22.7%
3
PHEASANTS NEST
$1,000,000
13 22.7%
$$$
Prestige
1
WARRAWEE
$2,700,000
41 38.5%
2
WOOLLAHRA
$2,700,000
141 37.9%
3
BELLEVUE HILL
$4,300,000
110 26.5%
Rank
Suburb
$
Affordable
1
KATOOMBA
$345,000
21 25.2%
2
GOROKAN
$315,000
51 21.9%
3
BERKELEY VALE
$250,000
30 19.0%
$$
Mid–range
1
ROPES CROSSING
$649,990
17 36.8%
2
SILVERWATER
$653,000
42 20.9%
3
AVOCA BEACH
$647,500
42 17.7%
$$$
Prestige
1
KIRRIBILLI
$1,226,250
58 48.6%
2
THE ROCKS
$1,459,000
47 44.5%
3
DARLING POINT
$1,963,500
89 31.3%
Based on CoreLogic monthly indices capital city data to June 30, 2016
4