It is almost official that the Sydney real estate market has begun a marked turnaround becoming the first capital city market to regain all of the lost ground since the Sydney property market price retreat in 2011. RP Data-Rismark reports that dwelling values grew 1.5% in March which is an impressive result for Sydney and further demonstrates the continuing dwelling price growth trend.

Nationally, the market has also fared well with the national dwelling price rising 1.3%. Whilst both of these results are amongst some of the strongest recorded in the last three years, it will be interesting to track the continued performance of all real estate markets during the forthcoming Autumn selling season.

The capital city housing market grew 2.8%, with Sydney recording a robust 3.4% result. All capital cities, excluding Adelaide, recorded first quarter price increases further fuelling consumer sentiment of continued market recovery.
 

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