Sydney has always been the leading city in Australia for house prices.
As per acorns graph previously, Sydney prices went no where for many years after the '03 peak.
The below index graph highlights that in that time all cities over took Sydney at some point in time which is a little crazy. Sydney has been playing catch up for decade of near zero growth. Add to that extremely low interest rates, a booming local economy, high population growth, a fragile share market, foreign buyers, FOMO, massive increase in equity for those already in the market, SMSF lending rules relaxed, I mean wow after writing this I'm surprised it is slowing down and have just re-evalauted my forecast , Sydney going higher for longer (albeit at a slower rate of increase).
