The neighbourhoods where property prices are still higher than a year ago

 Affordable outer suburbs are proving more resilient than pricier inner neighbourhoods amid the property market downturn, new figures show.

Months of price declines in Sydney and Melbourne have left median values lower than they were a year ago, but values in a string of middle and outer ring regions are still up year-on-year – as demand continues for comparatively more affordable homes.

Pockets of Sydney’s west had the highest growth over the 12 months to August, CoreLogic figures show, while Melbourne’s west and south-east recorded some of the city’s highest annual growth, along with the recovering inner-city market.

Read More: https://www.smh.com.au/property/news/the-neighbourhoods-where-property-prices-are-still-higher-than-a-year-ago-20220909-p5bgqx.html



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