Sydney’s sky-high housing prices finally hit turbulence

It seems that Sydney’s rocketing housing prices are finally set to plateau, with June posting the slowest quarterly median home price rise in over a year.

Despite the slow growth, however, the current median home price of $880,000 in the Harbour City is 12.2 per cent higher than it was at the start of July 2016.

Experts are not anticipating that property will fall drastically over the rest of the year, with real estate analyst Cameron Kusher commenting, “Some heat has come out the market but rampant population growth will continue to support housing demand.”

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