PHOTO: Domain House Price Report: June Quarter 2019 Prices have experienced modest growth in Melbourne, Hobart and Canberra in recent months, and fell less sharply in almost every other capital.
Sydney’s largest correction in house prices since the 1980s appears to be near its end, with prices increasing in more than half of the city’s regions in the June quarter, new data shows.
Overall, the city’s house and unit price declines have slowed to 0.4 per cent – the smallest quarterly fall since prices started sliding in December 2017, according to Domain’s June House Price Report, released on Thursday. And Sydney’s median price is likely to stay above $1 million.
The citywide median house price has dropped to $1,032,338 – back to early 2016 levels while the median unit price has dropped to $688,652, back to mid-2015 levels.
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