Sydney property values hit new high. Melbourne next.

Thursday 11 March 2021

Tim Lawless has released a new report showing that Sydney’s housing market has already regained its COVID losses, hitting an all-time high yesterday.

As shown in the next chart, Sydney dwelling values have rebounded 5.7% from their October 2020 low, finally surpassing the 2017 peak:

Sydney dwelling values have surged 5.7% over the past five months.

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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.