Australia’s real estate market is now a tale of two cities with Sydney house prices surging while Melbourne flounders amid the COVID-19 pandemic. Sydney is home to 14 of Australia’s 20 best performing suburbs while Melbourne had 14 of the nation’s 20 bottom-worst neighbourhoods for price falls.Real estate data group CoreLogic has exclusively provided to Daily Mail Australia the best and worst performing suburbs for changes in median house and apartment values, between January and June 2020, based on areas with 20 or more sales over six months. Sydney’s best performers are concentrated in upmarket, middle-distance areas of the city’s north while Melbourne’s steepest price drops are in upper middle class suburbs in the south-east. Scroll down for fact boxes The national real estate market is now a tale of two cities, with Sydney home to 14 of Australia’s 20 best performing markets while Melbourne had 14 of the nation’s 20 bottom-worst suburbs for price falls. North Ryde in Sydney’s north had Australia’s biggest price increase of 9.9 per cent between January and June 2020, CoreLogic data provided to Daily Mail Australia showedNorth Ryde had Australia’s biggest price increase of 9.9 per cent, followed by neighbouring Marsfield on 8.9 per cent and nearby Eastwood… Read full this story
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