It's a two-speed market out there at the moment!
Peter Kelaher was mentioned in a domain article discussing this exact topic in which Dr Andrew Wilson's figures are backing up.
The media and other property researchers are continuing to put a blanket figure over the Sydney Property Market, causing much hesitation amongst buyers and sellers alike.
As we can see from the weekend, our property market is still jumping all over the place. The Lower North Shore came in at 65.9%, whereas the West came in at 33.3%. We can see from these figures alone that it really is a 'two-speed market', and while some areas are struggling, some are still performing well.
Again, it is so important to be breaking down each area, suburb and property type to hone in on exactly what you are selling and purchasing in this current market. We have been fighting against fierce competition on A-Grade properties in A-Grade areas, so it's impossible to say that these properties are experiencing a decline, but rather a slower growth rate which is a far more normal, sustainable market for everyone.
**Source: Dr Andrew Wilson, My Housing Market