Domain September House Price Report (Sydney)
Source from: 
https://www.domain.com.au/research/house-price-report/september-2020/

Sydney house prices rebounded over the September quarter, up 1.2 per cent to $1,154,406. Houses have regained just over $13,000 of the almost $22,000 value lost over the June quarter, and are now about $43,500 below the mid-2017 price peak. Despite house values rising modestly, the pace of quarterly growth was almost four times lower than the same time last year. Sydney unit prices continued to decline over the September quarter, down 0.2 per cent to $732,423, although the depth of decline is significantly lower than the previous quarter. Unit values are roughly $56,000 below the mid-2017 peak. The divergence of median house and unit prices has pushed the gap to the largest on record at 58 per cent. This widening price gap will make the financial leap from a unit to owning a house much harder.

Buyers have been lured back into the market by low interest rates, government tax cuts and other incentives and the easing of coronavirus restrictions, as well as a change in housing preferences post-lockdown. Consumer confidence has made a remarkable rebound, boosted by the federal budget, success in containing the coronavirus and the prospect of further interest rate cuts. Strong buyer demand has absorbed rapidly rising new supply. With fewer investors and foreign interest, first-home buyers are taking advantage of the reduced competition, government incentives and low mortgage rates. With high vacancy rates, weak gross rental yields and fewer opportunities for capital gains, it may be some time before investors return.

Sydney’s property market still faces risks as home loan holidays and government support packages eventually come to an end. While there is currently no evidence of an increase in distressed selling, the risks increase once financial support is removed. Demand will also take a hit as overseas migration collapses. The proposed relaxing of lending standards early next year and the imminent prospect of an interest rate cut will encourage people to borrow, however. With less scrutiny placed on borrowers it will become easier to take out a mortgage, making access to credit simpler and quicker. This is likely to boost demand for housing and, in turn, support home values.
Google Translation
Domain 9月房屋价格报告（悉尼）
资料来源：
https://www.domain.com.au/research/house-price-report/september-2020/
悉尼房价在九月份季度反弹，上涨1.2％至1,154,406澳元。在6月季度失去的近22,000澳元的价值中，房屋已经收复了略高于13,000澳元，现在比2017年中期的价格峰值低约43,500澳元。尽管房屋价格温和上涨，但季度增长速度几乎比去年同期低四倍。悉尼的公寓价格在9月份季度继续下降，下降0.2％至732,423澳元，尽管下降幅度远低于上一季度。单位价值比2017年中期的峰值低约56,000澳元。房屋和公寓中位价的差异使缺口达到了有记录以来的最大差距，为58％。价格差距的扩大将使从单位到拥有房屋的财务跃迁变得更加困难。
低利率，政府减税和其他激励措施以及放松冠状病毒的限制，以及住房偏好的变化，都吸引了买家回到市场。在联邦预算，成功遏制冠状病毒以及进一步降息的前景的推动下，消费者信心有了显着反弹。强劲的买家需求吸收了快速增长的新供应。随着投资者和外国兴趣的减少，首次置业者正在利用竞争减少，政府激励措施和低抵押贷款利率的优势。由于空置率高，总租金收益率低以及获得资本收益的机会减少，投资者可能需要一段时间才能返回。
悉尼的房地产市场仍然面临风险，因为房屋贷款假期和政府的一揽子援助计划最终将结束。尽管目前尚无不良销售增加的证据，但一旦取消财务支持，风险就会增加。随着海外移民的减少，需求也将受到打击。但是，明年年初放宽贷款标准的提议以及即将降息的前景将鼓励人们举债。减少对借款人的审查，将变得更容易进行抵押贷款，从而使获得信贷的方式更加便捷。这很可能会刺激住房需求，进而支撑房屋价值。