Since finding a floor in May last year, Sydney housing values have risen by 13.1%.
CoreLogic has released their newest housing market update for March 2020.
Despite posting the most rapid recovery trend amongst the capitals, Sydney housing values remain 3.7% below the 2017 peak.
Based on the rate of growth over the past three months, Sydney housing values could stage recovery by the end of May this year.
Housing values have neem rising at a faster rate than unit values, up 12.4% over the past twelve months compared with a 7.4% rise in unit values.
The weaker performance across the unit sector is likely related to the influx of new unit supply across specific areas of the city.
The surge in housing values has been accompanied by higher volumes, with our estimate of Sydney sales up 21% over the year.