The Sydney Value Premium over Cities over time.

Interesting as the information can be used to see the norms


he Sydney Value Premium
by Cameron Kusher

11 Dec 2017 References extracted 1412/2017
The Sydney Value Premium


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In this week’s Property Pulse we look at the dwelling value premium for Sydney compared to the other capital cities over time.

With a median dwelling value of $904,041 in November 2017, Sydney is the nation’s most expensive capital city housing market, despite the recent moderate declines. In fact, if we look historically Sydney has, outside of a short period in 2006 and 2007 consistently been the most expensive housing market.

It is a valuable exercise to look at how over time Sydney’s premium relative to the other capital city markets has cycled. The accompanying charts show the Sydney premium over time with the red line highlighting the average premium over the length of the period shown on each chart.

 

Timeframes are different so bringing all cities into the same period for comparison would be useful however it goes to show how each city cycles and the lag between Sydney, Melbourne and the Regionals.

 

This is something similar to what Guest has posted in the past, It makes for a very interesting comparison.