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Daily Mail Australia breaks down the pockets of Sydney where it is still possible to buy a two-bedroom unit for under $500,000
(Bloomberg) -- Australian home prices stayed strong in September, driven by soaring demand and outweighing the impact of the central bank’s aggressive policy tightening campaign.Most Read from BloombergOnce Unthinkable Bond Yields Now the New Normal For MarketsCongress Averts US Government Shutdown Hours Before DeadlineWhy a US Recession Is Still Likely — and Coming SoonMcCarthy to Face Far-Right Attempt to Oust Him as House SpeakerSenate Voting on Bill to Avert US Government ShutdownSydney pric
CoreLogic’s Home Value Index continued to increase in September, clocking the eight consecutive month of growth.
However, median house prices are still 25.7 per cent above pre-COVID levels.
Home values continue to rise but growth has slowed amid more advertisements for stock and the toll of higher interest rates and cost of living pressures.