You can take Dr Andrew Wilson out of the boom but you can’t take the boom out of Dr Andrew Wilson:
The prices of Sydney homes sold at auction continue to rise as pre-spring sellers surge back into the marketplace – as usual. This week’s latest Sydney Monthly Rolling Median Home Auction Price Index exclusive to My Housing Market reports a fourth consecutive increase with the trend remaining strongly upward.
Prices growth in median home prices recorded in August however should come as no surprise as a higher proportion of inner-suburban, higher-priced homes engage the market compared to mid-winter activity. Comparisons with the Index results from the same period last year however reveal that annual prices remain lower by 2.1%.