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Almost 80% of Australia’s housing market is in decline

The value of Sydney homes has fallen -9.7% since April after six consecutive rate hikes, and -7.0% over the past quarter, bringing them down -6.4%. The pace of decline has varied from suburb to suburb.

By Alan Weiss

The value of Sydney homes has fallen -9.7% since April after six consecutive rate hikes, and -7.0% over the past quarter, bringing them down -6.4%. The pace of decline has varied from suburb to suburb.

CoreLogic data shows

Vaucluse
The Hedonic Home Value Index for Vaucluse houses fell by 5.2% in the last 3 months
The current median value is $8,295,998

Rose Bay
The Hedonic Home Value Index for Rose Bay (NSW) houses fell by 4.7% in the last 3 months
The current median value is $5,787,939

Dover Heights
The Hedonic Home Value Index for Dover Heights houses fell by 8.8% in the last 3 months
The current median value is $5,276,581

Bellevue Hill
The Hedonic Home Value Index for Bellevue Hill houses fell by 8.6% in the last 3 months
The current median value is $7,288,204

Double Bay
The Hedonic Home Value Index for Double Bay houses fell by 8.9% in the last 3 months
The current median value is $5,317,431

North Bondi
The Hedonic Home Value Index for North Bondi houses fell by 7.1% in the last 3 months
The current median value is $4,035,488

Bondi Beach
The Hedonic Home Value Index for Bondi Beach houses fell by 8.7% in the last 3 months
The current median value is $3,563,390

Bondi
The Hedonic Home Value Index for Bondi houses fell by 6.1% in the last 3 months
The current median value is $3,925,360

Bondi Junction
The Hedonic Home Value Index for Bondi Junction houses fell by 8.5% in the last 3 months
The current median value is $2,572,476

Queens Park
The Hedonic Home Value Index for Queens Park (NSW) houses fell by 8.9% in the last 3 months
The current median value is $3,593,943

Bronte
The Hedonic Home Value Index for Bronte houses fell by 5.6% in the last 3 months
The current median value is $5,159,816

Clovelly
The Hedonic Home Value Index for Clovelly houses fell by 8% in the last 3 months
The current median value is $3,795,379

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