August Housing Update

National housing growth slowed to 1.5% during August however remained broad-based across most of the country.

In summary;
- Sydney saw 1.8% rise totalling 20.9% for the 12 month period
- Regional NSW grew at 2% taking the 12 months to 24.8%
- Affordability becoming a huge factor as wages fail to keep pace
- Advertised listings have fallen heavily as sellers wait out the lockdowns
- In dollar terms, the average property has increased in value by ober $100,000 in 12 months

Source: CoreLogic