Sydney dwelling values recorded a small but positive movement in June, rising 0.1% over the month, taking the annual rate of decline back below 10%.
CoreLogic has released their newest housing market update for July 2019.
While the monthly rise in values was small, the switch to a positive reading is a significant milestone for the Sydney market, after values have been consistently falling since the market peaked in July 2017.
The unit market was the main driver of gains, up 0.3% while house values were flat over the month.
The more expensive properties, where values were previously falling the most rapidly, are showing the steepest trajectory of improvement.