Residex: housing market “well into downswing phase”

Sunday 30 October 2016

The confusion over the strength of the Sydney housing market continues, with Residex releasing its house and unit price results for September, which registered a rebound in values over the month but a further deceleration of annual price growth.

According to Residex, house values nationally rose by 1.63% in September to be up just 1.63% over the quarter and by 3.31% over the year. By comparison, Australian unit values rose by 1.17% in September to be up 1.27% over the quarter and by 3.96% over the year (see below table).

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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.