PHOTO: HENRY ZWARTZ The typical Sydney free-standing house price is set to top A$1 million again in February, according to new predictions.
Sydney house owners are set to become millionaires again in February, mortgages allowing.
The typical Sydney free-standing home was worth A$974,000 (NZ$1.02 million) as the clock struck midnight on Tuesday, according to an exclusive preview of key home price data due to be released by CoreLogic on Thursday. The median Sydney unit was worth A$746,000.
The value of a typical Sydney free-standing house tumbled from peak of A$1.06m in July 2017 to A$865,000 in June 2019.
But a combination of interest rate cuts and an easing of loan serviceability tests reignited Sydney’s property market in the second half of 2019.
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