Sydney dwelling values have been falling since July last year and are now down a cumulative 5.6%.
Core Logic has released their newest housing market update for September 2018.
Despite the fall, the vast majority of home owners remain in a strong equity position, considering residental property values remain 49% higher than they were five years ago and 83% higher relative to ten years ago.
As the market slows, advertised stock levels have shown a substantial rise and are now tracking almost 23% higher than a year ago.
Such high stock levels has removed the urgency from the market and given buyers a lot more leverage at the negotiation table.