Property market is strongest for one type of home

 The property market was stronger for more expensive homes in Sydney and Melbourne than for more affordable homes over the first three months of the year.

Improving top-end values are usually a sign that property market falls have reached a trough and are starting to recover, but experts say this time it’s too early to tell if there will be a sustained turnaround.

There was a 1.3 per cent rise in values for the segment of Sydney homes worth $1,520,111 and above last quarter – the top 25 per cent of the Sydney market, CoreLogic figures show.

Read More: https://www.smh.com.au/property/news/property-market-is-strongest-for-one-type-of-home-20230412-p5czvx.html



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