Sydney house prices rebounded in the September quarter, with the median jumping almost five percent, according to Domain.
Domain’s September House Price Report found the median house price rose 4.8 percent to $1,079,491.The price correction was led by Sydney’s North West, whose median house price rose 9.7 percent, the best performer across the city.
Sydney’s South (+7.1 percent) and Inner West (6.9 percent) were the only other regions over five percent.
The Inner West’s market rebound has seen it become on just three regions who have seen year on year house price gains (+4 percent).
There was slow growth in the city’s east which was hit hardest during the downturn. Their 1.4 percent quarterly gains don’t come close to offsetting the nine percent declines year on year.
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