The neighbourhoods where property prices are still higher than a year ago

Median property values in Sydney and Melbourne are lower than they were this time last year.

The Bringelly-Green Valley region, covering suburbs like Badgerys Creek, Austral and Oran Park, topped the list for Sydney, with values up 10.2 per cent to a median of almost $1,069,000. Sydney’s median fell 2.5 per cent by comparison. “The standout properties are still holding their own, but the ones that have the minor flaws are harder to sell,” he said.Elsewhere in Sydney, values were up year-on-year in Wollondilly , Camden , Fairfield , Rouse Hill-McGraths Hill , Penrith and the Blue Mountains .Stuart Davies, of McGrath Camden, said his market was proving resilient.

However, inner-city Melbourne recorded the most growth, bucking the outer suburbs trend, courtesy of a post-lockdown CBD unit market rebound that pushed dwelling values up 13.4 per cent.

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The neighbourhoods where property prices are still higher than a year agoAffordable suburbs are proving more resilient than pricier neighbourhoods amid the property market downturn, new figures show, but rising interest rates are still taking their toll.
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