Sydney Sept 2008

• The Sydney housing market continued to decline in the September quarter with housing approvals down 15.12% and housing finance commitments down 9.41% from the previous quarter. Affordability remains a major issue for buyers and rental vacancy rates increased slightly to 1.2%. • Top performing suburbs for house price growth were Watsons Bay at 42.8% and Dee Why at 25.1%, while units grew most in Tamarama at 31.5% and Lane Cove at 26.9%. Waterfront and top end properties experienced the highest price rises. • Sydney's population growth was the third lowest in the country at 1.21% and net overseas migration