Sydney housing values were up 2.7% over the month which was the largest monthly rise in many years, and since finding a floor in May this year, values are up 8.2%.
CoreLogic has released their newest housing market update for December 2019.
Detached houses have led the recovery, rising 8.8% since bottoming out, while unit values are up 6.8%.
Similarly, the upper quartile of the market is leading the recovery trend, with values up 9.7% since finding a floor compared with a 4.9% rise across properties in the lower quartile value range.
Sydney listing numbers remain low, finishing November 23% lower than a year ago.
Such low inventory levels against rising buyer demand is another factor placing some upward pressure on prices.