The Sydney Housing Market Is Entering a Downswing

The CoreLogic hedonic indices released on the 3rd of April show that the Greater Sydney dwelling market has declined 3.9% from its peak value in July 2017. 

The recent boom in Sydney dwellings was characterised by consecutive monthly gains between March 2012 and October 2015, and again between May 2016 and July 2017. Over the whole period between March 2012 and July 2017, the annualised return on Sydney dwellings was an astonishing 10.7%. Following signs in early 2018 that growth was…