PHOTO: Prices are hitting levels last seen in Sydney five years ago. Source: istock
It’s 2014 all over again — just without the ice bucket challenge.
House hunters in multiple areas across Sydney have been purchasing homes at or close to prices last recorded five years ago as sellers continue to slash their asking prices to counter the current market slump.
CoreLogic figures showed the areas with the biggest reversal in prices were spread across the southwest, Western Sydney and the Hills district and Ryde area.
They included suburbs Cobbity, Denham Court, Catherine Field, Mulgoa and Box Hill, among others.
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