Housing values have surged to record highs in Sydney during May, with more growth expected in the coming months as strong demand from buyers outpaces the falling volume of listings.

This follows a peak-to-trough fall in Sydney values of -2.9 per cent between April and September 2020.

From January to April 2021, Sydney dwelling values rose 9.3 per cent with Sydney’s median house price continuing to be the highest among the capital cities, 49.8 per cent higher than the national average.

Source: theurbandeveloper.com/articles/sydney-housing-market-update