Residex: Sydney affordability “a tad ridiculous”

Wednesday 27 May 2015

Residex has released its house and unit price results for April, which revealed 0.57% growth in house values over the month but only 0.50% growth in unit values. Over the year, house values rose by 6.21% nationally, with unit values up by 5.19%:

As shown above, Sydney was again the primary driver of the rise in house values nationally, with values in Sydney jumping by 1.79%. Sydney is also still leading quarterly growth at 3.76%, bringing the median house value there to a whopping $945,500.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.