Buyers snap up homes in falling Sydney market

 

PHOTO: Belisha Rizal and Abhi Shahi (L-R) bought their dream home in Castle Hill after searching for a property for six months. Castle Hill cropped up in the top 30 suburbs for house price declines. Photo: Peter Rae

A string of Sydney suburbs are seeing double-digit house price falls as the city’s market continues to cool.

But the NSW capital is mixed with some pockets still managing to record surprising growth in the past year.

Sydney house prices dropped 9.9 per cent over the year to December, according to the latest Domain House Price Report, with the median now at $1,062,618, the steepest property downturn in decades.

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