The housing market that's set to surge as interest rates settle down

Stephen Johnson - DailyMail - 03/03
Sydney's housing market is set to peak in coming months as upmarket postcodes lead the resurgence. Melbourne is also showing signs of recovery after a dreadful three years.

Sydney's property market is set to reach an all-time high in coming months as interest rate cuts spur demand for homes in more expensive postcodes. 

Property prices in Australia's most expensive capital city are 1.6 per cent below the peak reached in September 2024. 

The northern beaches, eastern suburbs and the Sutherland Shire have seen some of the biggest price falls during the past year as suburbs in the city's outer south-west continued to attract double-digit growth.

CoreLogic's research director Tim Lawless is expecting upmarket suburbs to lead the upturn in 2025, with Sydney's median house price in February rising by 0.3 per cent to $1.464million.

This was Sydney's first monthly increase since September. 

'Expectations of lower interest rates, which solidified in February, look to be flowing through to improved buyer sentiment,' Mr Lawless said.

Australia's best performing housing markets - Perth ...
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