The confusion over the strength of the Sydney housing market continues, with Residex releasing its house and unit price results for July, which registered a weakening in growth in Sydney home values, with annual price growth falling to its lowest level since May 2013, making it diverge even further from the strong growth reported by Core Logic.
According to Residex, house values nationally rose by 1.17% in July to be up 3.98% over the quarter and up by 7.80% over the year. By contrast, Australian unit values rose 1.24% in July to be up 4.78% over the quarter and by 6.17% over the year (see below table).
