Sydney`s housing market moved through a recent peak in July 2017 after housing values surged almost 80% higher between early 2012 and the market peak.
CoreLogic has released their newest housing market update for February 2019.
Since that time values have been falling, declining by 12.3% through to the end of January.
The latest falls take Sydney dwelling values back to level last seen roughly two and half years ago.
The most substantial falls in home values are skewed towards detached homes, with house values down 10.9% over the past twelve months compared with a 6.9% decline in unit values.
The better performance across the unit sector is likely attributable to the lower price points which are attractive to first home buyers.