Sydney Dwelling Values Increase for a Second Straight MonthBy
City values in CoreLogic Hedonic index up 0.5% in February
Values in Sydney were down 0.2% in three months ended February
Sydney dwelling values climbed for the second consecutive month, clawing back some of the losses from the end of 2015, according to CoreLogic Inc.
Home values in the nation’s largest city increased 0.5 percent in February, the research firm said in a statement Tuesday.
Notwithstanding the increase, Sydney home values are still down 0.2 percent in the past three months. The number of properties being listed in Sydney will be a “litmus test” for the market’s resilience, CoreLogic said in the statement, with the total number of homes being offered for sale 22.3 percent higher than a year earlier…
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